I have a question that might be on my test tomorrow but I'm not sure how to do it.
Can you guys help me?
A large car dealership has been selling new cars at $600 over the factory proce. Sales have been averaging 80 cars per month. Due to inflation the $600 mark-up is going to be increased. The marketing manager has determined that for $10 increase there will be one less car each month. What should be the new markup in order to maximize profit?
Thank you very much