Quadratic Functions In Vertex Form Worksheet - Math 2200 Unit 2 Page 25
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30Unit 2 – Quadratics
Math 2200
25
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(III) Revenue Problems
Example.
Global Gym charges its adult members $60 monthly for a membership. The club
has 500 adult members. Global Gym estimates that for each $5 increment in the
monthly fee, it will lose 50 members.
Formula for revenue:
Revenue = (number sold)(cost)
(a) Determine the function that models Global Gym’s revenue.
(b) Determine the maximum revenue generated.
(c) Determine the monthly fee that will produce the greatest revenue.
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