What is the percent price increase, Marketing Management

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What is the percent price increase

Problem

Your cafe sold 3,600 cups of coffee. Demand is expected to decrease by 10% for every 5% increase in price. Your current price is $3.20 and you are considering raising your price to $3.50.

• What is the percent price increase?
• What do you expect demand to be after the price increase if nothing else changes?

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Marketing Management: What is the percent price increase

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Marketing Management: What is the percent price increase

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