You would have to divide 37.2 by 10. The answer would be 3.72.
Answer: 37 you just add the two in that case
In this question there are several important information's provided. Using these information's it is easy to get the answer to the question asked. Firstly it is already informed that the insurance agent gets a commission of 15% of the policy price for every policy sold. The agent sells a policy of $300.
Now we can write the equation as:
15% of $300 = [(15/100) * 300] dollars
= ( 15 * 3) dollars
= 45 dollars
So the agent gets a commission of $45 for selling a policy worth $300
R=2.1
Diameter would be half of that
The original gross margin is (2.50 / 1.00) - 1 = (2.5 - 1) = 1.5 = 150%
the cost increases 0.25, is an increase of (0.25 / 1.00) = 25%
in order to keep the same gross margin, you need to increase the sale price by 25%
2.50*1.25 = 3.125
Then the gross margin is (3.125 / 1.25) - 1 = (2.5 - 1) = 1.5 = 150% ( same as original )
