Math Problem Statement

A charter flight charges a fare of​ $300 per person plus ​$40 per person for each unsold seat on the plane. The plane holds 100 passengers. Let x represent the number of unsold seats.find an expression for the total revenue received for the flight​ R(x).The number of unsold seats that will produce the maximum revenue is

Solution

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Math Problem Analysis

Mathematical Concepts

Quadratic Equations
Revenue Maximization
Vertex of a Parabola

Formulas

Revenue function: R(x) = (100 - x)(300 + 40x)
Expanded revenue function: R(x) = -40x^2 + 3,700x + 30,000
Vertex formula for quadratic functions: x = -b / (2a)

Theorems

Vertex formula for quadratic equations

Suitable Grade Level

Grades 10-12