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worty [1.4K]
3 years ago
9

A store is instructed by corporate headquarters to put a markup of 43​% on all items. An item costing ​$7 is displayed by the st

ore manager at a selling price of ​$3. As an​ employee, you notice that this selling price is incorrect. Find the correct selling price. What was the​ manager's likely​ error?
Mathematics
1 answer:
docker41 [41]3 years ago
6 0

Answer:

The correct price is 10.01

Step-by-step explanation:

The manager multiplied the price by 43%, instead of noticing the words "mark up", which means the price increased by 43 percent and the cost is multiplied by 143/100!

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Answer:

a) 47.55

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Step-by-step explanation:

Given that the size of the orders is uniformly distributed over the interval

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<u>a) Determine the value for the first order size generated based on 0.41</u>

parameter for normal distribution is given as ;  a = 25,  b = 80

size/value of order  = a + random number ( b - a )

                                = 25 + 0.41 ( 80 - 25 )

                                =  47.55

<u>b) Value of the last order generated based on random number (0.6)</u>

= a + random number ( b - a )

= 25 + 0.6 ( 80 - 25 )

= 25 + 33 = 58

<u>c) Average order size </u>

= ∑ order 1 + order 2 + ----- + order 10  ) / 10

= (47.55 + ...... + 58 ) / 10

= 478.8 / 10 = 47.88

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3 years ago
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I think it’s .01% because 1225/120000=.010208
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