Answer
To calculate the profit for each pair of running shoe inserts, you’ll need to determine the difference between the total revenue generated from sales and the total cost of production. This difference represents your profit for each pair. For Pair 1: 30 – 7 = 23, giving a profit of $23. For Pair 2: 60 – 9 = 51, yielding a profit of $51. For Pair 3: 90 – 10 = 80, resulting in a profit of $80. For Pair 4: 120 – 11 = 109, leading to a profit of $109. Lastly, for Pair 5: 150 – 13 = 137, which means a profit of $137.——————————————————————————————————–When considering which option to select, remember that while higher profits are appealing, they might discourage potential buyers due to elevated prices, which may shrink your customer base. It’s advisable to opt for a choice that offers a balance, leaning towards the mid-range prices.
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