500
A store sells portable MP3 players for $100 each and, at this price, sells 120 MP3 players every month. The owner of the store wishes to increase his profit, and he estimates that, for every $2 increase in the price of MP3 players, one less MP3 player will be sold each month. If each MP3 player costs the store $70, at what price should the store sell the MP3 players to maximize profit?
Max profit occurs when units are sold at
$204 (68 units sold)
$206 (67 units sold)
Textbook Chapter Review Question 20