See picture for reply and solution steps.
Find the requested information based on the given facts. Base: $54,300: Total Sales: $950,000; Commission: 2.75% Determine the t
1 answer:
Answer:
$871068.25
Step-by-step explanation:
Given the base of starting the business is $54300 and the total sale after the business is $950000.
Therefore, the profit of the business is $(950000-54300) = $895700.
Now, the commission has to be deducted from the profit at the rate of 2.75% of the profit.
Hence, total profit of the business is given by
895700 [1 - ] = $871068.25 (Answer)
You might be interested in
Money earned by restaurant on Friday=$1073
Money earned by restaurant on Saturday=$1108
Let Money earned by restaurant on Sunday=$x
Average=$1000
Number of observation=3
⇒ 3× 1000=1073+1108+x
⇒3000= 2 181+x
⇒3000-2181=x
⇒x=819
The restaurant needs to earn on Sunday to average $1000 per day over the three-day period=$819
Answer:
The expected amount for a duration of 20 weeks is $9.4
<em></em>
Step-by-step explanation:
Read attachment to understand the complete question
From the question, we have the following given parameters:
x = Amount paid for a second movie
--- Expected value of x
--- Standard deviation of x
Required
Determine the total amount paid for a second movie for 20 weeks
The required implies that we calculate the expected value for a duration of 20 weeks.
i.e.
If
Then:
Substitute 20 for n
Substitute 0.47 for E(x)
<em>Hence, the expected amount for a duration of 20 weeks is $9.4</em>
