Practice problem
Quadratic Vertex Word Problems
Kelly has a bike rental business in the small town she currently lives. She currently rents out her bikes at dollars per bike per hour. In high season, she averages hours of rentals a day.
She notices that for every dollar increased, she loses about hours of rentals a day.
Kelly hopes to maximize income in high season. Let be the total income and let be the number of times Kelly increases rental price by a dollar.
In order to maximize , what should the rental price be?