Question
MaysellsTshirtsinastallattheshoppingcenter.Whenshecharges15perTshirtshedoesnotsellanything,howevershenoticedthatevery timeshereducesthesellingprinceby1,sells 15moreTshirtsperhour.ATshirtcost4.50tomakeandsheischarged130adayforherstall. Mayopensherstallfrom10amto8pm. Q1 Writetheequationtocalculatethemaximumprofit and explain how the equation is formed Q2. Usingtheequationwriteinatablethepriceandprofitforpricerangingfrom15to3 Q3.Plotagraphanddrawadiagramtorepresenttheprofit Q4.What is the maximum possible profit and how you
MaysellsTshirtsinastallattheshoppingcenter.Whenshecharges15perTshirtshedoesnotsellanything,howevershenoticedthatevery timeshereducesthesellingprinceby1,sells 15moreTshirtsperhour.ATshirtcost4.50tomakeandsheischarged130adayforherstall. Mayopensherstallfrom10amto8pm.
Q1 Writetheequationtocalculatethemaximumprofit and explain how the equation is formed
Q2. Usingtheequationwriteinatablethepriceandprofitforpricerangingfrom15to3
Q3.Plotagraphanddrawadiagramtorepresenttheprofit
Q4.What is the maximum possible profit and how you calculate it? What should be the selling price to achieve it?Explain in details
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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