Step 1 :The revenue R is given by the product of the price p and the quantity x sold, which is given by the equation \(R = p(-5p + 200) = 200p - 5p^2\).
Step 2 :We want to maximize this expression by completing the square. We can factor out a -5 to get \(-5(p^2 - 40p)\).
Step 3 :To complete the square, we add \((40/2)^2 = 400\) inside the parenthesis and subtract \(-5 \cdot 400 = -2000\) outside. We are left with the expression \(-5(p^2 - 40p + 400) + 2000 = -5(p - 20)^2 + 2000\).
Step 4 :Note that the \(-5(p - 20)^2\) term will always be nonpositive since the perfect square is always nonnegative. Thus, the revenue is maximized when \(-5(p - 20)^2\) equals 0, which is when \(p = 20\).
Step 5 :So, the price that maximizes revenue is \(\boxed{20}\) dollars.
Step 6 :To find the maximum revenue, we substitute \(p = 20\) into the revenue function \(R(p) = 200p - 5p^2\), we get \(R(20) = 200 \cdot 20 - 5 \cdot 20^2 = 4000 - 2000 = 2000\).
Step 7 :So, the maximum revenue is \(\boxed{2000}\) dollars.