A car rental agency rents 220 cars per day at a rate of 31 dollars per day. For each 1 dollar increase in the daily rate, 5 fewer cars are rented. At what rate should the cars be rented to produce the maximum income, and what is the maximum income?
Xy = 5xNumber of CarsPriceTotal
15215326880
210210336930
315205346970
420200357000
525195367020
630190377030
735185387030
840180397020
945175407000
1050170416970
1155165426930
1260160436880
1365155446820
1470150456750
1575145466670
total should be 7030. i did this using excel formulae. but there’s 2 qty for car rented so this part im not quite sure. hope it helps
Xy = 5xNumber of CarsPriceTotal
15215326880
210210336930
315205346970
420200357000
525195367020
630190377030
735185387030
840180397020
945175407000
1050170416970
1155165426930
1260160436880
1365155446820
1470150456750
1575145466670
total should be 7030. i did this using excel formulae. but there’s 2 qty for car rented so this part im not quite sure. hope it helps
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