Answer:
Price of the drill kit should be set as $4180.
Step-by-step explanation:
Daily supply of the most popular cordless drill kit is represented by the equation
S(q) = 100q² + 100q + 20
where S(q) = price of the kits at which q units are supplied
q = number of drill kits supplied
Now we have to calculate the price of the drill kits if company plans to supply 16 kits a day.
S(16) = 10(16)² + 100(16) + 20
= 10×256 + 1600 + 20
= 2560 + 1600 + 20
= $4180
Therefore, cost of the drill set should be set as $4180.
