The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
You would do 64 divided by 6. You would divide it by 6 because it’s himself AND 5 friends. This would get you to 60. So now each friend has ten. Their would be four left over. So now Nick had 14 cards for himself.
The initial cost is 189.69. It is marked up 30%.
By simple calculations,
Final cost of the tablet computer = Initial price + 30% of marked price
= 189.69 + (30/100 x 189.69)
This gives us the net value of 245.7. Hence the price of the computer after it's been marked up will be 245.7
