Answer:
The equation that describes the profit the store makes in a day that X units of yo-yo is sold is P= X × $8.00 - $50.00
Step-by-step explanation:
The information given are;
The price of each yo-yo = $8.00
The only available cost is the store clerk fee cost per day = $50.00
Let us call the number of yo-yo's sold per day as X
Therefore, the amount sold per day = X × $8.00
The company's profit, P = Total sales - Total cost
∴ P= X × $8.00 - $50.00
Therefore, the equation that describes the profit the store makes in a day that X units of yo-yo is sold = P= X × $8.00 - $50.00.
Answer:
Hourly Rate = $12.22 per hour
Step-by-step explanation:
Overhead Rate = 95%
Retail price of parts = $134.75
Total cost of job = $241.98
Cost of labor = Total cost - Retail price
= 241.98 - 134.75
= $107.23
Now, labor works for 4.5 hours and ears a total amount of $107.23
Now, Labor will get 95% overhead rate
⇒ The labor is getting 100% already but an overhead of 95% is also given
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