A motorcycle importer is planning on increasing the price of a certain model by $1000.
A motorcycle importer is planning on increasing the price of a certain model by $1000. At this new price 5 fewer motorcycles will be sold per month, but the total revenues will increase by $26,000 to $594,000. What is the number of motorcycles the manufacturer will sell at this new price?
Answer/Solution
66
Steps/Work
66 bikes.
Got two equations bikes*price = 568 units
(bikes - 5)*(price + 1 ) = 594 units.
factorise 568 = 71 * 8.
use n = 71 and p = 8 in the second , it works.
Hence 66.
ANSWER:C
Got two equations bikes*price = 568 units
(bikes - 5)*(price + 1 ) = 594 units.
factorise 568 = 71 * 8.
use n = 71 and p = 8 in the second , it works.
Hence 66.
ANSWER:C