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Grant Nguyen
07/01/2023 · Primary School

CHOOSE ONLY ONE QUESTION \#6 or \#7 6. Cheryl owns a small business store. She currently charges \( \$ 20 \) for her candle products. At this price, she sells 500 candles per week. Market research shows that for every \( \$ 1 \) increase in price, the company will sell 25 fewer units per month. What price should Cheryl charge per candle to maximize her revenue? What is the maximum revenue? Show all your work.

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Cheryl should charge \$20 per candle to maximize her revenue, with a maximum revenue of \$40,000 per month.

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