standard_description: Understand that a set of data collected to answer a statistical question has a distribution which can be described by its center, spread, and overall shape.
problem_activity: A bakery sells small cakes for
$${ {{$1}}0}$$
each. At this price, the bakery typically sells
$${100}$$
cakes per week.
The owner of the bakery wants to increase the price of the cake in order to maximize revenue. She determines that for each
$${{$1}}$$
increase in price, she sells
$$5$$
fewer cakes per week.
a.  Which function represents the weekly revenue,
$${R(x)}$$
, the owner of the bakery can expect to earn from the cakes based on
$$x$$
increases in price by
$${{$1}}$$
.
i.
$${R(x)}=(10-x)({100}+5x)$$
ii.
$${R(x)}=(10+x)({100}-5x)$$
iii.
$${R(x)}=(10-5x)({100}+x)$$
iv.
$${R(x)}=(10+5x)({100}-x)$$
b.  At what price will the owner of the bakery earn the maximum weekly revenue from sales of the small cakes?


aligns: no