Question

You've decided to sell sweatshirts for the upcoming game. You project that at a price of...

You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$35.80 per​ sweatshirt, you will be able to sell 100 shirts. In order to sell 340 sweatshirts, you would need to lower the price to ​$18.52 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.27 per sweatshirt on top of fixed costs of ​$350. What price should you charge in order to earn a profit of ​$1900​? Assume linear demand.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1
Thank you for your patience. Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!
Sweat Shirts Amount $
Sell price         35.80
Less: Variable cost per unit           2.27
Contribution per unit         33.53
Fixed costs       350.00
Add: Desired profit 1,900.00
Desired income 2,250.00
Number of shirts to be sold         68.00
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$31.36 per​ sweatshirt, you will be able to sell 120 shirts. In order to sell 350 ​sweatshirts, you would need to lower the price to $14.80 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.76 per sweatshirt on top of fixed costs of ​$320320. What price should you charge in order to earn a profit of $2400.Assume linear demand.
​You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
​You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$27.13 per​ sweatshirt, you will be able to sell 190 shirts. In order to sell 310 ​sweatshirts, you would need to lower the price to ​$18.37 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.59 per sweatshirt on top of fixed costs of ​$390. What price should you charge in order to earn maximize your​ profit? Assume linear demand.
You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$36.48 per​ sweatshirt, you will be able to sell 120 shirts. In order to sell 290 ​sweatshirts, you would need to lower the price to ​$24.41 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.15 per sweatshirt on top of fixed costs of ​$380. What price should you charge in order to earn maximize your​ profit? Assume linear demand.
​You've decided to sell sweatshirts for the upcoming game. You project that at a price of...
​You've decided to sell sweatshirts for the upcoming game. You project that at a price of ​$30.42 per​ sweatshirt, you will be able to sell 170 shirts. In order to sell 260 ​sweatshirts, you would need to lower the price to ​$23.76 per sweatshirt. In order to produce the​ sweatshirts, it costs you ​$2.31 per sweatshirt on top of fixed costs of ​$380. Find the revenue if the marginal profit is​ $0 per item. Assume linear demand.
You are considering how to invest part of your retirement savings. You've decided to put $400,000...
You are considering how to invest part of your retirement savings. You've decided to put $400,000 into three stocks: 52% of the money in GoldFinger (currently $23/share), 16% of the money in Moosehead (currently $97/share), and the remainder in Venture Associates (currently $1/share). Suppose GoldFinger stock goes up to $32/share, Moosehead stock drops to $68/share, and Venture Associates stock rises to $6 per share. a. What is the new value of the portfolio? b. What return did the portfolio earn?...
Suppose you have decided to start a business producing and selling a product of your choice...
Suppose you have decided to start a business producing and selling a product of your choice from the following options: custom birthday cakes, lawn mowers or sports jackets. For your essay, answer the following questions related to your product: Briefly describe the product you would produce and sell. What market will you target this product for? At what price would you sell your product? Make a projection of your sales in units for the first year of operations. Make a...
1.A firm is a pure monopoly when: a.it is the only seller of a unique product...
1.A firm is a pure monopoly when: a.it is the only seller of a unique product and barriers to entry prevent other sellers from entering the market in the long run. b.it is the only seller of a product that has very few close substitutes and entry into the market in the long run is unrestricted. c.there are only a few other very large firms selling similar products. d.it can sell all it can produce at any price it chooses....
1. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify?...
1. What are the requirements for successful price discrimination? Does this type of dry cleaning qualify? 2. What are other examples of price discrimination? 3. The effectiveness of price discrimination is a different question than whether businesses should be able to discriminate by price. Is this an issue that deserves regulation, or is it best left to the market? Why Women Pay More From dry cleaning to haircuts, women often pay more than men due to gender pricing. Find out...
Please show me how to apply CVP analysis for this case study. FLY ASH BRICK PROJECT:...
Please show me how to apply CVP analysis for this case study. FLY ASH BRICK PROJECT: FEASIBILITY STUDY USING CVP ANALYSIS S. K. Mitra and Shubhra Hajela wrote this case solely to provide material for class discussion. The authors do not intend to illustrate either effective or ineffective handling of a managerial situation. The authors may have disguised certain names and other identifying information to protect confidentiality. This publication may not be transmitted, photocopied, digitized or otherwise reproduced in any...
Please read the article and answear about questions. Determining the Value of the Business After you...
Please read the article and answear about questions. Determining the Value of the Business After you have completed a thorough and exacting investigation, you need to analyze all the infor- mation you have gathered. This is the time to consult with your business, financial, and legal advis- ers to arrive at an estimate of the value of the business. Outside advisers are impartial and are more likely to see the bad things about the business than are you. You should...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT