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Eli2411 Eli2411
  • 16-10-2016
  • Mathematics
Answered

A transit company carries about 80 000 riders per day for a fare of $1.25. To obtain more revenue, the management plans to increase the fare. It estimates that for every 5 cent increase in fare, it will lose 1000 riders. What fare would result in the greatest revenue and what would the maximum revenue be?

Verified Answer :

Anonymous Anonymous
  • 16-10-2016

It would probably be 2 - 3 cents they could add

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