Question

The owner of a company that makes souvenir T-shirts produces them at $2 each. He sells them for $5 each and tourists have been buying them at 4000 per month. He wants to raise the price and figures that for each $1 increase in price he will sell 400 fewer shirts each month. What price should he charge for each shirt to maximize profit?

Answer 1

Answer:

$15.00

Explanation:

Because 5-2=$3 so you are only making $3 per shirt so raise the price to $15 if you do you would be making $13 per shirt