Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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You buy 2,300 pens at the beginning of the school year. You estimate that 20% of them will have to be put on your "discount plate" at the end of the term on which everything is priced at $1. Generally, about 32% of the "discount plate" items will be damaged or broken and will have to be thrown away. The pens cost you $1.27 per pen and you want an average markup of 37% based on selling price.
At what price must they start selling the pens?
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