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