Concept explainers
Sales The Marketing Club at your college has decided 10 raise funds by selling three types of T-shirts: one with a singlecolor “ordinary” design, one with a two-color “fancy” design, and one with a three-color “very fancy” design. The club feels that it can sell up to 300 T- shirts. “Ordinary” T- shirts will cost the club $6 each, “fancy” T-shirts $8 each, and “very fancy” T-shirts $10 each, and the club has a total purchasing budget of $3,000. It will sell “ordinary” T- shirts at a profit of $4 each, “fancy” T-shirts at a profit of $5 each, and “very fancy” T-shirts at a profit of $4 each. How many of each kind of T-shirt should the club order 10 maximize profit? What is the maximum profit the club can make? [HINT: Sec Example 3.]
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Chapter 6 Solutions
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