Your local womens clothing store pays $200 for a suit. The weekly demand for suits is estimated
Question:
Your local women’s clothing store pays $200 for a suit. The weekly demand for suits is estimated as follows:
Assume each woman who buys a suit purchases $80 of additional garments, on which the store earns a 50 percent profit margin. What price should the store set for a suit?
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To determine the optimal price for the suit we need to calculate the stores total revenue and total ...View the full answer
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Related Book For 
Microsoft Excel Data Analysis And Business Modeling
ISBN: 9780137613663
7th Edition
Authors: Wayne Winston
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