A boutique handmade umbrella factory currently sells 47500 umbrellas
A boutique handmade umbrella factory currently sells 47500 umbrellas
per year at a cost of 11 dollars each. In the previous year when they raised the price to 18 dollars, they only sold 30000 umbrellas that year. Assuming the amount of umbrellas sold is in a linear relationship with the cost, what price should the boutique handmade umbrella factory charge per umbrella to maximize their revenue?
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