Using this table, calculate the profit at each level of running shoe inserts production.
2 answers:
Answer:
1 pair = 23
2 pair = 51
3 pair - 80
4 pair - 109
5 pair = 137
Step-by-step explanation:
Profit = Total revenue - total cost
If we make 1 pair of running shoe inserts
Profit = 30-7 =23
If we make 2 pairs of running shoe inserts
Profit = 60-9 =51
If we make 3 pairs of running shoe inserts
Profit = 90-10 =80
If we make 4 pairs of running shoe inserts
Profit = 120-11 =109
If we make 5 pairs of running shoe inserts
Profit = 150-13 =137
Answer:
To find the answer, subtract the total cost of producing the shoe from the total revenue (money made) to find the profit (money made after repaying the cost).
Pair 1: 30 - 7 = 23
$23 is the profit
Pair 2: 60 - 9 = 51
$51 is the profit
Pair 3: 90 - 10 = 80
$80 is the profit
Pair 4: 120 - 11 = 109
$109 is the profit
Pair 5: 150 - 13 = 137
$137 is the profit
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If the question below asks you which one you should choose, keep in mind that just because there are higher profits <em>does not mean</em> you should choose the choice (with the highest). This would decrease the likely-hood that a consumer would buy it (as it is too expensive), and lower your consumer pool. Instead, choose one that is towards the middle.
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Answer:
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Step-by-step explanation:
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Answer:
First, calculate 18% of 23.
23 x 0.18 = 4.14
Then, add this value (the increase) to the original value of 23.
23 + 4.14 = 27.14
Rounding off, we get 27.
Step-by-step explanation: