Question

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.

Answer 1

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Solution:-

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