Smartphones

Calculus Level 2

A shop sells \(500\) smartphones a week for \($450\) each. A market survey shows that each decrease of \($5\) on the price will result in the sale of an additional \(10\) smartphones per week. What price of the smartphone would result in maximum revenue?

Details and Assumptions:

  • The revenue is defined as the product of the number of items sold and the price of each item.
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