You Can Sell 45 Pet Chias Per Week If They

question 53

Short Answer

You can sell 45 pet chias per week if they are marked as $4 each,but only 20 per week if they are marked $5 per chia.Your chia supplier is prepared to sell you 10 chias per week if they are marked $4 per chia, and 35 per week if they are marked $5 per chia. At what price should the chias be marked so that there is neither surplus nor a shortage of chias Round your answer to two decimal places. $ __________

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Definitions:

Oral Contract

An agreement made through spoken words rather than written, which can be legally binding under certain conditions.

Another's Debt

The obligation to repay money borrowed by another person or entity, often due to a legal or financial agreement.

Written

Something that is expressed or communicated in the form of documentable characters, letters, or symbols.

Performed

Executed or carried out an action or task according to specified procedures or requirements.