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H. Problem Solving


Businesses that sell products or services aim to set pricing that will optimize their profits. If a price is lowered, the business may sell more items/services, but will make less profit for each item/service sold. If the price is increased, the business will make a greater profit for each item/service sold, but may sell fewer items/services. A quadratic equation can often be used to represent these price optimization scenarios, as well as many others. This section will focus on some possible scenarios.