Question

At HD Sport & Fitness gym, analysis shows that, as the demand of the gym, the...

At HD Sport & Fitness gym, analysis shows that, as the demand of the gym, the number of members is 81 when annual membership fee is $15 per member and the number of members is 79 when annual membership fee is $20 per member. As the operator of the gym, you found out that number of members (q) and membership fee (p) have a linear relationship.

A) At what membership price, p, is the revenue maximized?
p= $ . Round your answer to 2 decimal places.

B) What is the maximum annual revenue?
R= $ . Round your answer to 2 decimal places.

Note: Round all coefficients of your revenue function to 2 decimal places.

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