Answer:
B. (12-6) n - 50
Step-by-step explanation:
Given that:
Cost of making hat = $6 per hat
Selling price = $12 per hat
Advert cost = $50
Number of hats made = n
The profit or money raised from the sales of hat:
Total Revenue from sales - total cost of production - advert cost
Total Revenue from sales = ($12 * n) = $12n
Total cost of production = ($6 * n) = $6n
Advert cost = $50
Hence,
12n - (6n + 50)
12n - 6n - 50
(12 - 6)n - 50
8/14 in lowest terms is 4/7
...................it is 1 pound .......................
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.