The vegetable buyer for a group of grocery stores has decided to sell packages of sprouted grain
Question:
Weekly OrderPrice per Package
Less than 1000packages..................................35¢
1000-1499...................................................28
1500-1999...................................................25
2000 or more................................................20
The vegetable buyer estimates the quantity that can be sold per week, at various selling prices, as follows:
Selling PricePackages Sold per Week
60¢........................................... 300
45............................................. 600
40........................................... 1200
33........................................... 1700
26........................................... 2300
The sprouted grain will be sold at the same price in all the grocery stores. How many packages should be purchased per week, and at which of the five prices listed above should they be sold?
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Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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