SOLUTION: Ashwin charges $18 for a custom made t-shirt. He normally sells 350 t-shirts a month. After surveying customers Ashwin discovers that for every $0.50 price reduction he sells an ad
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Question 1169464: Ashwin charges $18 for a custom made t-shirt. He normally sells 350 t-shirts a month. After surveying customers Ashwin discovers that for every $0.50 price reduction he sells an additional 15 shirts.
Write a let statement for the independent variable you would use to model this relation (where Revenue is the dependant variable) Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! $18*350 is current revenue
let x=number of $0.50 price reductions in the price, and therefore let 15x=the increased number of shirts sold.
So R=($18-$0.50x)*(350+15x)
