Yes because none of the x’s are the same
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:
Jake:y
grandma:6y
cousin:y+5
the sum of all their ages:8y+5
Step-by-step explanation:
given Jake:y
His grandma is 6 times his age
so
grandma:6y
His cousin is 5 years older than
him.
so
cousin:y+5
the sum of all their ages is
y+6y+y+5
8y+5
Answer:
5%
Step-by-step explanation:
The equation for simple interest rate is as follows:
A = P(1+rt)
A = final amount
P = initial principal amount
r = annual interest rate
t = time (in years)
So, we need to plug everything in and solve for r:
The final amount is equal to $875 plus the interest of $131.50.
A = 875 + 131.50 = 1006.50
Now, plug everything in:
1006.50 = 875( 1 + r(3))
Solve:
1 + 3r = 1.15028571 Divide 1006.50 by 875
3r = 0.15028571 Subtract 1 from 1.15028571
r = 0.050 Divide by 3
The simple interest rate would be 5%. I converted the r to a percent by multiplying 0.050 by 100.
I hope this helps!! Ask questions if you need!!
Answer:
1) 6
2) Ron is 12 and his. father is 36
3) Duke is 50 and Mae is 10 years old
