Question
Malik has a 1000 kilogram lot of premium berries to sell premium berries can go from $380 per killogram. The governement announces a price subsidy
Malik has a 1000 kilogram lot of premium berries to sell
premium berries can go from $380 per killogram.
The governement announces a price subsidy of 10 per cent for the manufacturers foods who use premium berries in their product.
the government is granting you and extra 17 per cent price subsidy for all the berries product pruduction with the condition that you supply all governemnt facility with berries product for free. ( in order to fulfill this, 100 kilogram of berries will be needed)
you are willing to pay Malik 600 per kilogram of berries, you think you could make a $230 profit per kilogram of berries by buying it at that price,
for how much should you buy Salleno Malik 1000 kilogram lot of berries. what should be the buying price per unit. What should be your best offer to make a profit?
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