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Plot a graph and draw a diagram to represent the profit

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Question - Mary sells Tshirts in a stall at the shopping center. When she charges £15 per Tshirt she does not sell anything, however she noticed that every time she reduces the selling prince by £1, sells 15 more Tshirts per hour. A Tshirt cost £4.50 to make and she is charged £130 a day for her stall. Mary opens her stall from 10am to 8pm.

Q1. Write the equation to calculate the maximum profit and explain how the equation is formed?

Q2. Using the equation write in a table the price and profit for price ranging from £15 to £3?

Q3. Plot a graph and draw a diagram to represent the profit?

Q4. What is the maximum possible profit? What should be the selling price to achieve it?

Reference no: EM133026656

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