Phillip, the proprietor of a vineyard, estimates that the first 10,000 bottles of wine produced this season will fetch a profit of $2/bottle. However, the profit from each bottle beyond 10,000 drops by $0.0002 for each additional bottle sold. Assuming at least 10,000 bottles of wine are produced and sold, what is the maximum profit? Round the answer to two decimal places.
?
The maximum profit is $__________
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What would be the price/bottle in this case? Round the answer to the nearest cent.
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$__________/bottle
What will be an ideal response?
20,000; 2.00
Mathematics
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