Optimal Pricing Strategies for Maximized Revenue in Real Estate

1. Linear Applications LINK Document Verbal Graph Read p. 18 #79 Table Equation Solutions to parts b & c

2. Linear Applications LINK Document Verbal Graph Read p. 18 #80 Table Equation Solutions to parts b & c

3. Graph Verbal Read p. 18 #83 Equation Verbal Graph Read p. 18 #84 Equation Do p.37 #29 & 30

4. Linear Applications LINK Document Verbal Graph Read p. 37 #31 Table Equation Solution

5. Linear Applications LINK Document Verbal Graph Read p. 37 #32 Tables Equations Solution to part c

6. LINK Document Graph Verbal When a wholesaler sold a certain product at $25 per unit, sales were 800 units per week. After a price increase of $5, the average number of units sold dropped to 775 per week. a. Assume that the demand function is linear. Write an equation that gives the demand d (the number of units sold) in terms of the price p b. Write an equation R (revenue earned) in terms of p c. Find the price that will maximize the total revenue Tables Equations Solution to part c

7. LINK Document Graph Verbal • A real estate office handles 50 apartment units. • When the rent is $720 per month, all units are • occupied. However, on the average, for each $40 • increase in rent, one unit becomes vacant. • Each occupied unit requires an average of $48 • per month for service and repairs. • Write an equation that gives d (the demand for • apartments) in terms of r, the rent charged. • B. Write an equation for P, the profit earned by the real estate office for these rentals. • C. What rent should be charged to obtain the maximum profit? Tables Equations Solution to part c

8. p. 40 #9