document.write( "Question 979996: Randy Ko is a t-shirt vendor. The fixed cost of any order if $7500, the variable cost is $20 per shirt. Randy's selling price is $120 per shirt, until a week after the tournament when it will drop to $75 a piece. The expected demand at full price is 1500 shirts. How much profit will he earn? \n" ); document.write( "
Algebra.Com's Answer #601351 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! The fixed cost of any order if $7500, the variable cost is $20 per shirt. \n" ); document.write( " Randy's selling price is $120 per shirt, until a week after the tournament when it will drop to $75 a piece. \n" ); document.write( " The expected demand at full price is 1500 shirts. \n" ); document.write( " How much profit will he earn? \n" ); document.write( ": \n" ); document.write( "Find the cost to produce 1500 shirts \n" ); document.write( "c = 7500 + (1500*20) \n" ); document.write( "c = $37500 total cost \n" ); document.write( "l \n" ); document.write( "Find the revenue from selling 1500 shirts \n" ); document.write( "r = 1500*120 \n" ); document.write( "r = $180,000 \n" ); document.write( ": \n" ); document.write( "profit = reve - cost \n" ); document.write( "p = 180000 - 37500 \n" ); document.write( "p = $142,500 profit \n" ); document.write( " |