Final answer:
In the business world, selling clothing involves calculating revenue based on the number of items sold and their price. Strategies like offering a money-back guarantee can also play a crucial role in encouraging customer purchases.
Step-by-step explanation:
In the business world, when it comes to selling clothing, there are several ways it can work. Let's consider a t-shirt company, Coolshirts, as an example. Suppose Coolshirts sells 10 t-shirts at a price of $9 each.
To calculate the revenue generated, we multiply the number of t-shirts sold (10) by the price of each t-shirt ($9), which gives us a total revenue of $90. This revenue represents the money earned by Coolshirts from selling its clothing products.
Additionally, companies selling clothing may use strategies like offering a money-back guarantee to encourage customers to buy even if they are unsure about keeping the product.
This serves as a promise of quality and can be crucial for businesses that sell through mail-order catalogs or online platforms.