Step 1 :First, we need to find the revenue function. The revenue is given by the price times the quantity sold, or \(pD(p)=p\sqrt{471-p}\).
Step 2 :We want to maximize this expression. To do this, we can take the derivative of the revenue function with respect to \(p\) and set it equal to zero.
Step 3 :The derivative of \(p\sqrt{471-p}\) is \(\sqrt{471-p}-\frac{p}{2\sqrt{471-p}}\).
Step 4 :Setting this equal to zero, we get \(\sqrt{471-p}=\frac{p}{2\sqrt{471-p}}\).
Step 5 :Squaring both sides to eliminate the square root, we get \(471-p=\frac{p^2}{4(471-p)}\).
Step 6 :Multiplying both sides by \(4(471-p)\) to clear the fraction, we get \(4(471-p)^2=p^2\).
Step 7 :Solving this quadratic equation, we get \(p=2\sqrt{471-p}\).
Step 8 :Substituting \(p=2\sqrt{471-p}\) back into the equation, we get \(2\sqrt{471-2\sqrt{471-p}}=p\).
Step 9 :Solving this equation, we get \(p=\sqrt{471}\).
Step 10 :However, since the price cannot be greater than 471, the maximum revenue is achieved when \(p=\boxed{\sqrt{471}}\) dollars.