( Haiks) Part B Market research carried out by Foamy Ltd has demonstrated that for...
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( Haiks) Part B Market research carried out by Foamy Ltd has demonstrated that for sales at a price of 1.90 per drink demand from retailers would be zero, and that demand will increase, on a straight- line basis, by 20,000 drinks for every 10p (0.10) fall in price. Required: c. Calculate the sales price at which the company's profit will be maximised, and the profit the company will make at that sales price. (15 marks)
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