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HSB club has been selling 1,000 t-shirts per year for $10. The cost of a T is $5. The faculty advisor suggest increasing the price

HSB club has been selling 1,000 t-shirts per year for $10. The cost of a T is $5. The faculty advisor suggest increasing the price to $12 to get a higher margin and increase revenue. After the price hike, the number of Ts falls to 750. What should the price of a t-shirt be. Explain

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