Answer:
0.3333 (the three continues)
Step-by-step explanation:
If you put 1/3 or 1 divided by 3 in the calculator, then it'll show the decimal form of the fraction.
The price of this more expensive book was $90.00 ($150 - $60) based on the date acquired from the question above. This problem can be solved using a simple algebra equation which consisted of one variable. The equation is stated as $150 = x + 1.5x (x = $150/2.5 = $60) where x is the price of the cheaper book and 1.5x is the price of the more expensive books because it has 50% higher price than the cheaper book<span>.</span>
We have that
Profit margin is calculated by finding the net profit as a percentage of the revenue
Profit margin = [Net profit / Revenue]
Net profit= [Revenue-Cost]
we know that
Revenue = $16.25 million
Cost = $13.5 million + $2.7 million
Net profit = [16.25 million - (13.5 million + 2.7 million)]
Net profit = $0.05 million
Profit margin = 0.05 / 16.25
Profit margin = 0.003077 or 0.3077%
