A concert promoter prints T-shirts specifically for that concert date and artist, and sells them at the concession store
Posted: Fri May 20, 2022 8:09 am
A concert promoter prints T-shirts specifically for that concert
date and artist, and sells them at the concession store outside the
performance arena. The T-shirts cost $50 a piece to make and stock
at the event. The selling price is $200 a piece, but a royalty of
$75 has to be paid to the artist for each sale. Any unsold T-shirts
are sold off to an online marketplace at $25 a piece. The demand
for T-shirts is estimated having a mean of 350 and standard
deviation of 70.
What is the optimal order quantity of T-shirts for the promoter?
(Choose the closest number)
Group of answer choices
397
420
377
329
423
date and artist, and sells them at the concession store outside the
performance arena. The T-shirts cost $50 a piece to make and stock
at the event. The selling price is $200 a piece, but a royalty of
$75 has to be paid to the artist for each sale. Any unsold T-shirts
are sold off to an online marketplace at $25 a piece. The demand
for T-shirts is estimated having a mean of 350 and standard
deviation of 70.
What is the optimal order quantity of T-shirts for the promoter?
(Choose the closest number)
Group of answer choices
397
420
377
329
423