A tour bus in Jaipur serves 400 customers a day. The charge is Rs 50 per person. The owner of the bus service estimates that the company would lose 10 passengers a day for each Rs 5 fare increase. (i) How much should the fare be in order to maximize the income for the company?(ii) What is the maximum income the company can expect to make?​

Answers 1

Step-by-step explanation:

The question can be bit of confusing. The first question is in the above attachment From the equation that we get the Maximum Income of company will be 31250 rupees & (50 + 5x) is the ticket price so when put x in the above one we get 125 rupees.

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