Revenue Quadratic Functions. A travel agenxy offers a group rate of $2400 per person for a week in London if 16 people sign up for the tour. For each additional person who signs up, the price per person is reduced $100. How many people, in total, must sign up for the tour in order for the travel agency to maximize their revenue? Determine the maximum revenue.

erwachsenc6

erwachsenc6

Answered question

2022-10-29

Revenue Quadratic Functions
I am trying to determine a quadratic function to represent the following description.
A travel agenxy offers a group rate of $2400 per person for a week in London if 16 people sign up for the tour. For each additional person who signs up, the price per person is reduced $100. How many people, in total, must sign up for the tour in order for the travel agency to maximize their revenue? Determine the maximum revenue.
I know to solve the number of people would be to find the axis of symmetry, then for the maximum revenue it would be simply plugging that value into the equation to determine the max revenue.
But how do I set up the quadratic equation??

Answer & Explanation

Crubery3

Crubery3

Beginner2022-10-30Added 6 answers

Explanation:
It can be represented by the function:
( 4000 100 P ) ( P )
where P is the number of people

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