What price will generate the greatest profit for the airline

Reference no: EM13196302

An airline sells all tickets for a certain route at the same price. If it charges 250 dollars per ticket it sells 5000 tickets. For every 10 dollars the ticket price is reduced, an extra 1000 tickets are sold. It costs the airline a hundred dollars to fly a person.

What price will generate the greatest profit for the airline?

Reference no: EM13196302

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