A company produces a special new type of TV. The company has fixed costs of $461,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $1,229,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma.)
A company produces a special new type of TV. The company has fixed costs of $461,000, and it costs $1100 to produce each TV. The company projects that if it charges a price of $2500 for the TV, it will be able to sell 850 TVs. If the company wants to sell 900 TVs, however, it must lower the price to $2200. Assume a linear demand. What price should the company charge to earn a profit of $1,229,000? It would need to charge $ (Round answer to nearest dollar. If more than one answer, separate with a comma.)
Chapter3: Polynomial Functions
Section3.5: Mathematical Modeling And Variation
Problem 5ECP
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