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

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You've decided to sell sweatshirts for the upcoming game. You project that at a price of $31.97 per sweatshirt, you will be able to sell 110 shirts. In order to sell 310 sweatshirts, you would need to lower the price to $17.37 per sweatshirt. In order to produce the sweatshirts, it costs you $2.76 per sweatshirt on top of fixed costs of $340, What price should you charge in order to earn a profit of $1500? Assume linear demand. You should charge a price of $ per sweatshirt in order to earn a profit of $1500. If there is more than one correct answer, separate them by a comma. If necessary, round to two decimal places. Do not include units. You've decided to sell sweatshirts for the upcoming game. You project that at a price of $31.97 per sweatshirt, you will be able to sell 110 shirts. In order to sell 310 sweatshirts, you would need to lower the price to $17.37 per sweatshirt. In order to produce the sweatshirts, it costs you $2.76 per sweatshirt on top of fixed costs of $340, What price should you charge in order to earn a profit of $1500? Assume linear demand. You should charge a price of $ per sweatshirt in order to earn a profit of $1500. If there is more than one correct answer, separate them by a comma. If necessary, round to two decimal places. Do not include units.

Answer rating: 100% (QA)

Ans Given At price 3197 per sweatshirt he is able to sell 110 shir... View the full answer