Math Problem Statement
As part of the T-shirt fundraiser last year, the student council at Lincoln sold 920 T-shirts for four dollars each. This year the student council is thinking about selling T-shirts again. Based on a student survey for every dollar increase in T-shirt price there is a drop in sales by 140 T-shirts. What price should the student council sell each T-shirt if it needs to generate a revenue of $4970?
Solution
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Math Problem Analysis
Mathematical Concepts
Algebra
Revenue Functions
Quadratic Equations
Formulas
Revenue formula: R(p) = p * q(p)
Quadratic equation formula: ax^2 + bx + c = 0
Theorems
Quadratic Formula
Suitable Grade Level
Grades 9-11
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