Ask a New Question
Menu

Salid is selling a team jersey. The total variable cost is $16.50. The desired profit margin is 40 percent. Which is the correct price for an individual jersey? $16.50 divided by left parenthesis 1 minus 0.40 right parenthesis equals $27.50 Image with alt text: $16.50 divided by left parenthesis 1 plus 0.40 right parenthesis equals $27.50 Image with alt text: $16.50 divided by left parenthesis 1 times 0.40 right parenthesis equals $41.25

1 answer

The correct price for an individual jersey would be:
$16.50 divided by (1 - 0.40) = $16.50 divided by 0.60 = $27.50
Similar Questions
    1. answers icon 1 answer
  2. The revenue from selling q items isR(q) = 600q − q^2, and the total cost is C(q) = 150 + 50q. Write a function that gives the
    1. answers icon 3 answers
  3. 2. In its first year, “ABOL BUNA” Company had the following experience.Sales = 25,000 units Selling price = Birr 100 Total
    1. answers icon 6 answers
  4. Personal Finance school can you check my answers?1. The two components of are variable costs and fixed costs. Entire cost Total
    1. answers icon 11 answers
more similar questions