Santa's Scarlet Suits sell for seventy-seven dollars cach with sixty-six sales each week. Market research suggests that for each toonie the price is lowered, three more suits will be sold each week. Santa wants to sell as many suits as possible, but needs the same revenue as now. What new price should be charged?
Santa's Scarlet Suits sell for seventy-seven dollars cach with sixty-six sales each week. Market research suggests that for each toonie the price is lowered, three more suits will be sold each week. Santa wants to sell as many suits as possible, but needs the same revenue as now. What new price should be charged?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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