Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2023

A clothing retailer sells 120 jackets when the selling price is $76 per jacket. Research indicates that for every $2 decrease in selling price, they

A clothing retailer sells 120 jackets when the selling price is $76 per jacket. Research indicates that for every $2 decrease in selling price, they will sell 5 additional jackets. What selling price will maximise the revenue?

What is the maximum revenue?

Step by Step Solution

★★★★★

3.51 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

solve this equation by forming quadratic equation let A762x 1 let B1205x 2 AB762x1205x 76120... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles of Finance

Authors: Scott Besley, Eugene F. Brigham

6th edition

9781305178045, 1285429648, 1305178041, 978-1285429649

More Books

Students also viewed these Mathematics questions

Question

★★★★★

A few days ago, Deanna Watson purchased 100 shares of Microsoft common stock for$35per share. Deanna is single, and her taxable income (after all deductions and exemptions) is $75,000.Compute the...

Answered: 1 week ago

Question

★★★★★

The following are the Class Companys unit costs of manufacturing and marketing a high-style pen at an output level of 20,000 units per month: Manufacturing cost Direct materials ......$1.00 Direct...

Answered: 1 week ago

Question

★★★★★

A firm is planning to manufacture a new product. The sales department estimates that the quantity that can be sold depends on the selling price. As the selling price is increased, the quantity that...

Answered: 1 week ago

Question

★★★★★

Cassandra is retiring December 31, 2023, after many, happy years of employment with Canadian National Railway Company (CN). She is fortunate to be part of a Defined Benefit Pension Plan (DBPP). Her...

Answered: 1 week ago

Question

★★★★★

After recording the transactions of Exercise C-6 in T-accounts and calculating the balance of each account, prepare a trial balance. Use May 31, 2009, as its report date.

Answered: 1 week ago

Question

★★★★★

How would an increase in marginal federal income tax rates affect yields on muni securities? Treasury yields? Illustrate.

Answered: 1 week ago

Question

★★★★★

3. Once Mr. Heney learned that his Asian ELL students consider it rude to ask the teacher questions because questioning implies that the teacher has done a poor job of teaching, he could generalize...

Answered: 1 week ago

Question

★★★★★

During your examination of the financial statements of Martin Mfg. Co., a new client, for the year ended March 31, 20X0, you note the following entry in the general journal dated March 31, 20X0: Your...

Answered: 1 week ago

Question

★★★★★

show work

Answered: 1 week ago

Question

★★★★★

Examine the Apartment worksheet, and apply appropriate names to cells D17:D20. 2. Set up the structure of a one-variable data table on the Analysis worksheet that shows the apartment rental price,...

Answered: 1 week ago

Question

★★★★★

Hi I have a writing assignment and I have conduct research and consider current national and international regulations. As the aviation industry is evolving, regulations need to adapt to meet the...

Answered: 1 week ago

Question

★★★★★

The balance in the prepaid rent account before adjustment at the end of the year is $15,000, which represents five months' rent paid on December 1. The adjusting entry required on December 31 is...

Answered: 1 week ago

Question

★★★★★

What are some benefits of social networking? Select all that apply. Responses can introduce you to potential romantic partners can introduce you to potential romantic partners a boss may hear about...

Answered: 1 week ago

Question

★★★★★

Fortes Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours....

Answered: 1 week ago

Question

★★★★★

Why are the liabilities and shareholders equity accounts represented as negative on the consolidated balance sheet? LO 2-7 Prepare a worksheet to consolidate the accounts of two companies that form...

Answered: 1 week ago

Question

★★★★★

In 3-5 sentences, list your favorite tool from the course lean six sigma green belt and how it could be applied in a real-life situation.

Answered: 1 week ago

Question

★★★★★

ABC Company is a manufacturing firm that operates internationally, producing a wide range of consumer goods. During the financial year ending December 31, 20X3, ABC Company encountered a significant...

Answered: 1 week ago

Question

★★★★★

The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...

Answered: 1 week ago

Question

★★★★★

What type of information can investors get from stock and bond quotation?

Answered: 1 week ago

Question

★★★★★

Chicago Paints Corporation has a target capital structure of 40 percent debt and 60 percent common equity. The company expects to have $600 of after-tax income during the coming year, and it plans to...

Answered: 1 week ago

Question

★★★★★

Yesterday, Susan determined that the risk-free rate of return, rRF, is 3 percent, the required return on the market portfolio, rM, is 10 percent, and the required rate of return on Stock K, rK, is 17...

Answered: 1 week ago

Question

★★★★★

In 2019, Buraka Enterprises issued, at par, 75 1,000, 8% bonds, each convertible into 100 ordinary shares. The liability component of convertible bonds was 950 per bond, based on a market rate of...

Answered: 1 week ago

Question

★★★★★

During the month of June, Danielle's Boutique had cash sales of R$265,000 and credit sales of R$153,700, both of which include the 6% sales tax that must be remitted to the government by July 15....

Answered: 1 week ago

Question

★★★★★

You are given n = 8 measurements: 4, 1, 3, 1, 3, 1, 2, 2. a. Find the range. b. Calculate x . c. Calculate s 2 and s using the computing formula. d. Use the data entry method in your calculator to...

Answered: 1 week ago

Previous Question Next Question