The sales volume of a product depends on its price as follows:

The cost of production is £1 per unit. Draw up a table showing the sales revenue, the cost and the profits for each selling price, and deduce the selling price to be adopted.

Transcribed Image Text:

Pricel 1.00 1.05 1.10 1.15 1.20 1.25 1.30 Sales/000 8 7 6 5 4 4 3 2