Question
The new manager of the HS Gear Store is examining different pricing options that would help her to maximize profits. As no other stores are
The new manager of the HS Gear Store is examining different pricing options that would help her to maximize profits. As no other stores are allowed to sell items carrying the HS brand, the manager feels that a lot can be done.
To begin with, she runs a market research that presents the following
360 Football students are willing to pay $20 for a ceramic mug and $10 for a HS baseball hat. 480 Baseball students are willing to pay $8 for a ceramic mug and $13 for a HS baseball hat. You can assume that there is no cost in selling the items.
A. What is the price that would maximize the sales of mugs? What is the price that would maximize the sales of HS baseball hats?
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