Question

You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?

Answer 1

Say you are selling bags of popcorn for £1.50, and 60 people buy some. That makes £90.

People typically buy snacks at halftime, as well as when the price is low.

If you lower your price to £1 a bag, and double the amount of people buy it, you make £120.

If you cut the price by a third, and more people buy it, you should, in theory, break even or make more profit.

Answer 2

I would price my popcorn as half the price as they sell at the store I would do this because then you will be making more money then the store because you will get more customers.