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dedylja [7]
3 years ago
13

A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percen

t, and assuming that the company’s product sold for $1,000 per unit, how many additional units must the company sell to compensate for the fraud losses?
Business
1 answer:
Arisa [49]3 years ago
8 0

Answer:

100,000

Explanation:

Given that

Approximately frauds = $10 million

Profit margin = 10%

And the sale value of the product per unit = $1,000

So by considering the above information, the additional units is

= Approximately frauds × Profit margin

= $10 million × 10%

= 100,000

So by multiplying the approximate frauds with the profit margin we can get the additional units

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Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

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