A clothing company has determined that if the price of a T-shirt is K40, then 150 will be demanded by  T-shirt wearers. When the price is K45, then 100 T-shirts are demanded by T- shirts wearers. (a) Find the price-demand equation, assuming that it is linear. (b) Find the revenue function. (c) Find the number of items sold that will give the maximum revenue. What is the maximum revenue? (d) What is the price of each item when maximum revenue is achieved?

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.