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Excel The store wishes to establish a pricing policy to maximize revenue from these products. A study of price and sales data shows the following
Excel The store wishes to establish a pricing policy to maximize revenue from these products. A study of price and sales data shows the following relationships between the quantity sold (N) and prices (P) of each model: NA = 190 - 0.6PA 0.35PB NB = 302 0.07PA - 0.5PB Construct a model for the total revenue and implement it on a spreadsheet. Develop two-way data table to estimate the optimal prices for each product in order to maximize the total revenue. Vary each price from $250 to $500 in increments of $10. excel solution
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