prestige pricing

seconds. Note: There are three separate parts to this question. Please answer each one A bunch of teenagers want to enter a robotics c build a robot and go to the contest. They notice that their township has a ontest. They figure they'll need $5000 to be able to number of pet owners and so they decide to start a small, local pet grooming service to serve pet owners in the township. In order to drum up some business, they have decided to place an ad in the local newspaper. It will cost them $1000 to place and run the ad for a week. They estimate that grooming supplies will run to about $20/pet, and decide to charge double that amount, i.e., S40, per pet groomed. They figure that, by pricing $40, they are making 100% profit. Q#1) Are they making 100% profit? Yes? No? Explain your answer in three sentences (1 points) (Include your answer to this in a separate paragraph) Q#2) At $40, how many pets they should groom before they even begin to see a profit? Include brief explanation (2 points) (Include your answer to this in a separate paragraph) Q#3) How many pets do they have to groom to make a total profit of $5000? Explain briefly. (1 points) (Include your answer to this in a separate paragraph)