Let the order size be , then the cost in dollars is:Originally Posted by sharingan237
Now suppose they sell shirts at the same price for
each shirt of dollars, then the revenue is:
So the profit is:
Now you need to investigate the number that need to be ordered, sold and
the price charged to result in $1000 profit. At this stage you could also
possibly assume that all the shirts are sold so .
An alternative method of pricing could be to charge for the first
shirts and for any further shirts sold.