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Bezzdna [24]
3 years ago
9

Laura sells two sizes of ice cream: pints and gallons. She earns $3.50 for each pint she sells, and $10 for each gallon. If she

earns $20,000 in all by selling 3,300 containers, what percentage of her earnings are from pints
Business
1 answer:
Anna71 [15]3 years ago
6 0

Answer:

60.6%

Explanation:

Let x represent the number of pints sold and y represents the number of gallon sold.  She earns $3.50 for each pint she sells, and $10 for each gallon, she earns $20,000 in all by selling 3,300 containers Hence:

3.5x + 10y = 20000                   (1)

Also:

x + y = 3300                               (2)

We have to solve equation 1 and 2 simultaneously, multiply equation 2 by 3.5 and subtract from equation 1. This gives:

6.5y = 9500

Divide both sides by 6.5

6.5y/6.5 = 8450/6.5

y = 1300

Put y = 1300 in equation 2

x + 1300 = 3300

x = 3300 - 1300

x = 2000

Therefore 2000 pints and 1300 gallons were sold

The percentage of earnings from pints = number of pints sold/ total number sold * 100%

The percentage of earnings from pints = 2000/3300 *100% = 60.6%

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1) Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value. If the stand o
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Answer:

C) .07

Explanation:

Current cost of newspaper = C

                                             = $0.40 / units

Current price of newspaper = P

                                               = $0.80 / UNIT

Current salvage value = S = 0

Cost of under ordering = Cu

                                       = P – C

                                       = $40

Cost of over ordering = C – S

                                    = $0.40

Critical ratio = Cu/ ( Cu + Co )

                    = 0.4 / ( 0.4 + 0.4)

                    = 0.5

Since critical ratio defines the probability of optimum demand ,

We can consider service level ( %) = Critical ratio x 100  

Current service level = 50 %

When the salvage value = $0.1 ,

Cost of under ordering = Cu

                                       = P – C

                                       = $40

Cost of over ordering = C – S

                                    = $0.40 - $0.1

                                    = $0.30

Critical ratio = Cu/ ( Cu + Co )

                     = 0.4 / ( 0.4 + 0.3)

                     = 0.4/0. 7

                     = 0.5714

The revised service level = 0.5714 x 100 = 57.14 %

Therefore, The increase in service level is 0.07.

4 0
3 years ago
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