Step 1 :The number of drills sold is a quadratic function of the price. The maximum number of drills sold will occur at the vertex of the parabola represented by the quadratic function. The x-coordinate of the vertex of a parabola given by the equation \(y = ax^2 + bx + c\) is \(-\frac{b}{2a}\). In this case, \(a = -4\) and \(b = 160\), so the price that maximizes the number of drills sold is \(-\frac{160}{2(-4)}\).
Step 2 :Substitute the values of a and b into the formula: a = -4, b = 160
Step 3 :Calculate the price p = \(-\frac{160}{2(-4)}\) = 20.0
Step 4 :Final Answer: The price that will maximize the number of drills sold is \(\boxed{\$20}\)