The Owner of a Novelty Store Can Obtain Joy Buzzers

question 11

Multiple Choice

The owner of a novelty store can obtain joy buzzers from the manufacturer for 50 cents apiece.He estimates he can sell 60 buzzers when he charges $1.00 apiece for them and that he will be able to sell 10 more buzzers for every 8 cent decrease in price.What price should he charge in order to maximize profit?

• A)$0.79
• B)$0.89
• C)$1.09
• D)$0.99

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Definitions:

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