A model for a company's revenue from selling a software package is R(p)=-2.5p^2+550p, where p is the price in dollars of the software. What price will maximize the revenue? Find the maximum revenue.
Identify the a, b, and c of the equation. HINT: USE THE QUADRATIC FUNCTION FORMULA
Plug a and b back into the Vertex Formula.
The answer you just solved for maximizes the revenue, but the question also asks for the maximum revenue. To find the maximum revenue plug the answer you just solved for into the the original formula.
Solve for the maximum revenue.
You have now finished and solved the vertex formula equation.