A sportswear manufacturer is introducing a new line of sneakers. To introduce the new line, the company
Fantastic news! We've Found the answer you've been seeking!
Question:
A sportswear manufacturer is introducing a new line of sneakers. To introduce the new line, the company must pay out a fixed cost of $1.5 million for advertising and equipment, plus there is a cost of 40 cents per pair of sneakers manufactured. It plans to sell the sneakers for $75 per pair. Let x be the number of pairs of sneakers manufactured. If the firm only manages to sell 15,000 sneakers, what is the total loss?
Related Book For
Posted Date: