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Anton [14]
3 years ago
6

If the unit selling price is $2.50 and the unit cost is $1.00, what action is needed to maintain the gross margin percentage whe

n unit cost increases $0.25
Mathematics
1 answer:
harina [27]3 years ago
5 0
Of course you need to know what "gross margin percentage" means. Roughly speaking it is the profit as a percentage of sale price. When a unit costs $1.00 and is sold at $2.50 the excess revenue is $1.50 Although we could express this profit margin as a FRACTION of the sale price, (so this would be 1.50/2.5 = 3/5), it is usual to state this as a PERCENTAGE. The gross margin percentage in the original case would be 100 * 3/5 = 60% Let cost price be c, sale price be s. Gross margin percentage g = 100* (s - c)/s Solving this for sale price s s = c/[1 - (g/100)] When unit cost increases $0.25 we have c = 1.25 so s = 1.25[1 - 0.6] = 1.25/0.4 = 3.1 Action needed to maintain the gross margin percentage is to increase selling price to $3.10
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A forestry researcher wants to estimate the average height of trees in a forest near Atlanta, Georgia. She takes a random sample
marusya05 [52]

Answer:

The margin of error for her confdence interval is of 0.3757.

Step-by-step explanation:

We have the standard deviation for the sample, which means that the t-distribution is used to solve this question.

The first step to solve this problem is finding how many degrees of freedom, we have. This is the sample size subtracted by 1. So

df = 18 - 1 = 17

99% confidence interval

Now, we have to find a value of T, which is found looking at the t table, with 17 degrees of freedom(y-axis) and a confidence level of 1 - \frac{1 - 0.99}{2} = 0.995. So we have T = 2.8982

The margin of error is:

M = T\frac{s}{\sqrt{n}}

In which s is the standard deviation of the sample and n is the size of the sample.

Standard deviation of 0.55 meters.

This means that s = 0.55

What is the margin of error for her 99% confidence interval?

M = T\frac{s}{\sqrt{n}}

M = 2.8982\frac{0.55}{\sqrt{18}}

M = 0.3757

The margin of error for her confdence interval is of 0.3757.

7 0
3 years ago
Find the measures of two complementary angles, ÐA and ÐB, if mÐA = (7x + 4)° and mÐB = (4x + 9)°. Measure of angle A = ... Measu
Westkost [7]

Answer:

The measure of angle A is 53 degrees

The measure of angle B is 37 degrees

Step-by-step explanation:

Here in this question, we are interested in calculating the measure of the two angle.

When how angles are complementary, it means the sum of both equals 90 degrees

mathematically ;

(7x + 4) + (4x + 9) = 90

7x + 4x + 4 + 9 = 90

11x + 13 = 90

11x = 90-13

11x = 77

x = 77/11 = 7

The measure of angle A = 7x + 4 = 7(7) + 4 = 49 + 4 = 53 degrees

The measure of B = 4x + 9 = 4(7) + 9 = 28 + 9 = 37 degrees

3 0
3 years ago
sally has 10 pounds she wants to buy 28 cans of soda which cost 26p each. how much money does she spend and does she have enough
yuradex [85]

Answer:she dosnt have enough

Step-by-step explanation:bored

7 0
2 years ago
Read 2 more answers
What percent of 20 is 10
Soloha48 [4]

Answer:

50%

Step-by-step explanation:

cause 50% is 1/2 and 1/2 of 20 is 10

7 0
3 years ago
PLEASE I NEED HELP! I want to understand this question.
jasenka [17]

Answer:

TP = 5. greater than

Step-by-step explanation:

1. Out of the 4 options, HH, HT, TH, TT, there is one option we want (HT) which is one our of the four options. that means that the theoretical probability is 1/4 = 25%. Since there were 20 flips, the theoretical probability is 25% of 20 which is 5.

2. For experimental probability, its what actually happenned. Out of the 20 flips, 6 were HT so comapared to the Theoretical probability, the experimental probability was higher.

7 0
2 years ago
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