Wilson's Woodworking Shop produces wood chairs and sells them for $250. The company's weekly profit, (y), depends on the number of $1.50 price increases (x) for each chair. Use the graph below to answer the question.
Graph of function with the x-axis labeled as number of price increases, and the y-axis labeled as profit. The curve begins at (0, 300), increases to (40, 1100), and then decreases through (86.904, 0).
What is the approximate value of the maximized profit?
200
800
1000
1100
