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Typically, the price charged must cover more than labor costs figured at an hourly rate. There may be costs related to rent, utilities, administration, equipment use and/or depreciation. These costs are often called overhead<span>.</span>
Answer: r = 2/3
Step-by-step explanation:
In a geometric sequence, the consecutive terms differ by a common ratio. The formula for determining the nth term of a geometric progression is expressed as
Tn = ar^(n - 1)
Where
a represents the first term of the sequence.
r represents the common ratio.
n represents the number of terms.
From the information given,
a = 36
The 4th term is 32/3
n = 4
Therefore,
T4 = 32/3 = 36 × r^(4 - 1)
32/3 = 36 × r^3
Dividing both sides if the equation by 36, it becomes
32/3 × 1/36 = r^3
8/27 = r^3
Taking cube root of both sides of the equation, it becomes
(8/27)^1/3 = r^3 × 1/3
r = 2/3
