Business: Maximum Profit An automobile dealer can sell 12 cars per day at a price of $15,000. He estimates that for each $300 price reduction he can sell two more cars per day. If each car costs him $12,000, and fixed costs are $1000, what price should he charge to maximize his profit? How many cars will he sell at this price? [Hint: Let x = the number of $300 price reductions.]
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