The relationship between the price of a pair of shoes and the number of pairs of shoes sold by a store can be modeled by the equation R(s)= -6s2 + 480s, where R(s) represents the number of shoes sold and s represents the price of a pair of shoes, in dollars. According to this formula, what price should the store set for the pairs of shoes in order to maximize sales? (A) 35(B) 40(C) 55(D) 75

The relationship between the price of a shirt and the number of shirts sold by a store can be modeled by the equation R(s)= -4s2 + 200s, where R(s) represents the number of shirts sold and s represents the price of a shirt, in dollars. According to this formula, what price should the store set for the shirts in order to maximize sales? (A) 25(B) 35(C) 50(D) 65

Suppose you want to buy a pair of running shoes. While looking around for an outlet in a market, you come across a local shop selling shoes. How much will you be willing to pay for a pair?

Walks Softly sells customized shoes. Currently, it sells 14,800 pairs of shoes annually at an average price of $59 a pair. It is considering adding a lower-priced line of shoes that will be priced at $39 a pair. Walks Softly estimates it can sell 6,000 pairs of the lower-priced shoes but will sell 3,500 less pairs of the higher-priced shoes by doing so. What annual sales revenue should be used when evaluating the addition of the lower-priced shoes?Group of answer choices$789,100$900,700$27,500$24,000$31,300

The price of a pair of shoes was lowered by 25%. By what percent should the shoes be increased to return to 90% of the original price?

A company manufactures shoes at a material cost of $0.85 per pair, labour cost of $0.96 per pair, additional variable cost amount to 0.32 per pair and fixed cost is $70500. If each pair sells for $2.63, how many pairs must be sold to breakeven? What is the margin of safety if budged sales is at $170000?