Question $3$: The shops branch out into record players. You are trying to determine the

profit$-$maximising price for a turntable. Each turntable costs $150$ to purchase from the

supplier and currently you are charging $220,$ selling $200$ a year. The PED for turntables is $-3.$

What price should you charge?Question $3$: The shops branch out into record players. You are trying to determine the

profit$-$maximising price for a turntable. Each turntable costs $150$ to purchase from the

supplier and currently you are charging $220,$ selling $200$ a year. The PED for turntables is $-3.$

What price should you charge?