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22 July, 23:14

You sell hockey goals for $200 each. weekly sales are 60 units. you estimate that for every $10 you increase the price, sales drop by 3 units per week. what will be your weekly revenue from hockey goals at a price of $300?

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  1. 23 July, 00:59
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    If for every $10 increase sales drop by 3 units when you increase to $300 you will lose 30 units.

    ($10) (10) = 100

    (10) (3) = 30

    60 units - 30 units = 30 units.

    ($300) (30) = $9,000 is your weekly revenue at a price of $300 per unit.
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