Asked by Babiinoob
An industrial fertiliser, costing $370 per tonne to produce, is sold retail at 61 cents per kilogram. If there is a wastage of 2.5%, find the profit as a percentage of the cost
Working Ou Please Thanks
Working Ou Please Thanks
Answers
Answered by
Steve
for t tonnes, the amount actually sold is .975t
cost = 370t
revenue is .61*1000 * .975t = 594.75t
profit/cost = (594.75t - 370t)/370t = 224.75/370 = 60.7%
cost = 370t
revenue is .61*1000 * .975t = 594.75t
profit/cost = (594.75t - 370t)/370t = 224.75/370 = 60.7%
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.