T/F Some insurance usually has a higher price for younger people because younger people have more accident

For the last several months, an employee stays late to finish up work. When

Nuetrik [128]

Hardworking, a perfectionist, a bit of a loner, and maybe a bit of an over-achiver.

5 0

3 years ago

The Country Fields Retirement Community charges $6000/month for a single senior citizen to reside in an efficiency apartment wit

Karolina [17]

Answer:

a) 300

b) $100,000

Explanation:

Data provided in the question:

Charges by Country Fields Retirement Community per senior citizen = $6000/ month

Operating expenses = $600,000 per month

Cost for each person = $4000 per person per month.

Now,

a) Let the break even number of senior citizen residents be 'x'

Now,

At break even

Total revenue = Total cost

Thus,

$6000x = $600,000 + $4,000x

or

$2000x = $600,000

or

x = 300

b) Total profit or loss = Total revenue - Total cost

for 350 senior citizens

Total profit or loss = ($6,000 × 350 ) - ($600,000 + $4,000 × 350)

= $2,100,000 - $2,000,000

= $100,000 [Positive value means profit]

8 0

3 years ago

A sporting goods store is having a large sale event. Baseball bats are marked down by 42%, and hockey sticks are marked down by

Rina8888 [55]

The correct statement is "Hockey sticks had their prices reduced by $0. 41 more than baseball bats."

Mark down refers to a reduction in price of an item or good. The reduction is generally done as a percentage of price of the item. The purpose behind mark down is to increase sales volume.

<h3>Calculation of reduction in price:</h3>

Given:

Markdown in price of baseball bats is 42%

Cost of baseball bats after markdown is $21.46

Markdown in price of hockey sticks is 29%

Cost of hockey sticks after markdown is $39.05

For calculating the amount of markdown, we need to find the original cost of baseball bats and hockey sticks.

Calculation of cost of baseball bats before markdown:

$\begin{aligned} \rm Cost \:before\:markdown &= \dfrac{\rm Cost \:after \:Markdown}{100- \rm Markdown\%} \\
\\
&=\dfrac{21.46}{100-42\%}\\
\\
&=\dfrac{21.46}{58\%}\\
\\
&=\$37\end$

Hence the markdown in price of baseball bats is $\$37-\$21.46=\$15.54$

Similarly, for hockey sticks:

$\begin{aligned} \rm Cost \:before\:markdown &= \dfrac{\rm Cost \:after \:Markdown}{100- \rm Markdown\%} \\\\&=\dfrac{39.05}{100-29\%}\\\\&=\dfrac{39.05}{71\%}\\\\&=\$55\end$