Tuesday, September 23, 2014

A company manufactures headphones for $35. They want to make a 24% profit. How much do they need to charge to make their desired profits?

A company manufactures headphones for 35.Theywanttomakeaprofitof2435.
.76r=35 ==> r=46.05Anotherapproachistousetheequationcost=retailtimesthecostcomplementwherecostisthecosttomanufacture,retailisthesellingpriceandthecostcomplementisthepercentageofthesellingpricedevotedtocoveringthecost.Thecostcomplementis1(profitpercent).Soherewewouldhave35=r.76soris46.05again.Inordertohavea2446.05
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