Track season is fast approaching, and Footgear is launching a new model of running shoes just...

 

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Track season is fast approaching, and Footgear is launching a new model of running shoes just in time. Based on feedback received from surveying a focus group, Footgear concludes that charging x dollars per pair will lead to -2x + 250 pairs sold before the season starts. It costs Footgear $20 to sell each pair of shoes in the store. So, the company will earn x - 20 in profit per pair. What is the highest price Footgear can charge per pair of shoes to earn exactly $5,500 in profit before the season starts? Track season is fast approaching, and Footgear is launching a new model of running shoes just in time. Based on feedback received from surveying a focus group, Footgear concludes that charging x dollars per pair will lead to -2x + 250 pairs sold before the season starts. It costs Footgear $20 to sell each pair of shoes in the store. So, the company will earn x - 20 in profit per pair. What is the highest price Footgear can charge per pair of shoes to earn exactly $5,500 in profit before the season starts?

Answer rating: 100% (QA)

Based on the information provided we know that for each pair of shoes sold Footgear earns a profit o... View the full answer