A boat rental shop rents paddle boats for a fee plus an additional cost per hour. The cost of renting different numbers of hours
is shown in the table. What is the independent variable, and what is the dependent variable? How do you know?
1 answer:
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Answer:
A) The selling price for each necklaces is $8.625
B) The profit mark in each necklaces is 15%
Step-by-step explanation:
Given as :
The total cost of two necklaces = c.p = $15
The markup percentage for the necklaces = m = 15%
Let The selling price for both necklaces = s.p
A ) <u>Now, From markup method</u>
m% =
or, 15% =
or, 15% = - 1
or, = 1 + 15%
or, = 1 +
or, =
or, =
∴ s.p =
I.e s.p = $17.25
So, selling price of two necklaces = s.p = $17.25
or, selling price of one necklaces = s.p = = $8.625
Hence, The selling price for each necklaces is $8.625
<u>Now, Again</u>
B) ∵ The total cost of two necklaces = c.p = $15
So, The cost price of one necklaces = = $7.5
∴ profit% for each necklace =
i.e profit% for each necklace =
Or, profit% for each necklace =
Or, profit% for each necklace = 0.15
So, The profit make in each necklaces = 15%
Hence, The profit mark in each necklaces is 15%
Answer