Details of this Paper

ECO - Initial actual markup calculation problem

Description

solution


Question

Question;George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50 he sold only 4,000 T-shirts. What is the demand elasticity? If his marginal cost is $4 per shirt, what is his desired markup and what is his initial actual markup? Was raising the price profitable?

 

Paper#56518 | Written in 18-Jul-2015

Price : $21
SiteLock