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
Answer:
C-42
B-156
A-66
Step-by-step explanation:
Now I'm not a 100% sure on this but I'm pretty confident.
The easiest on to find was C because on the opposite side was 24 so the side we are working with must equal 24. In order to find the answer I did 24 + 18 and got 42. That means C = 42.
The next one I found was B. A straight line is 180 degrees so I subtracted 24 from 180 and got 156.
Finally I found A. This was considerably the quickest on to find for me because of all the other measurements I found and the 90 degrees beside the A. I subtracted 90 from the already found 156. I got 156 because if you take out the 90 degree line it would be a mirror image of B. Once I subtracted 90 from 156 I got 66 as my answer.
The 60th customer each day will get both a calendar and a toy, as 60/20 = 3 and 60/6 = 10
