What price should be charged in orger to maximize profits

Reference no: EM13273540

Bob's Company sells one product with a variable cost of $ 5 per unit. The company is unsure what price to charge in order to maximize profits. The price charged will also affect the demand. If fixed costs are 100,000 and the following chart represents the demand at various prices, what price should be charged in orger to maximize profits?

Unit Sold 30,000, 40,000,50,000,60,000. Price $10,$9,$8,$7

Reference no: EM13273540

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