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A sporting-goods store sells baseball ca...

A sporting-goods store sells baseball caps for $22 each. At this price, 40 caps are sold per week. For every $1 decrease in price, the store will sell 4 more caps per week. The store will adjust the price to maximize revenue. What will be the maximum possible revenue for 1 week?
(Note : The revenue equals the number of caps sold times the price per cap.)

A

$880

B

$ 882

C

$924

D

$ 1,024

Text Solution

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The correct Answer is:
D
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