Diamond Boot Factory Normally Sells Its Specialty Boots for $375

question 59

Essay

Diamond Boot Factory normally sells its specialty boots for $375 a pair. An offer to buy 100 boots for $275 per pair was made by an organization hosting a national event in Norfolk. The variable cost per boot is $250 and special stitching will add another $20 per pair to the cost. Determine the differential income or loss per pair of boots from selling to the organization.

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Definitions:

Self-Fulfilling Prophesy

A prediction that directly or indirectly causes itself to become true, due to positive feedback between belief and behavior.

Mass Education

A system of education designed to provide basic education to large populations at once, typically through public schooling.

Gender Roles

The behaviors, tasks, and responsibilities that a society considers appropriate for men, women, and gender-diverse individuals.

Academic Dishonesty

is any type of cheating that occurs in relation to a formal academic exercise, violating the integrity of the educational process.