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Mathematics, 14.03.2022 16:30 shanaz8199
Question
A sportswear manufacturer is introducing a new line of sneakers. To introduce the new line, the company must pay out a
fixed cost of $1.5 million for advertising and equipment, plus there is a cost of 40 cents per pair of sneakers manufactured.
It plans to sell the sneakers for $75 per pair.
Let x be the number of pairs of sneakers manufactured. If the firm only manages to sell 15,000 sneakers, what is the total
loss?
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