A company orders and uses 6,000 cans of paint each year. Each order has a fixed shipping cost of $150 and an additional cost of
1 answer:
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Solution :
Number of days = 90 days
Amount invested = $45 million
So the current earnings is
The number of days is reduced to 50 days. So we can now make the same amount in just 50 days.
So the net increase is what we will make in the remaining days.
If in 50 days, we earn 0.075 return, then we can consider 50 days as
Then the days =
return, and
days =
= million increase
= $ 5.7 million