Answer:
<h3>33.3%</h3>
Explanation:
profit percent = Sp-Cp/Cp * 100%
Sp is the selling price
Cp is the cost price
Let the selling price of the article be x
If it is sold with a profit of 25% of selling price, then;
Profit = 0.25x
Since Profit = Sp - Cp
0.25x = x - Cp
Cp = x - 0.25x
Cp = 0.75x
Substitute into the formula
Profit percent = 0.25x/0.75x * 100
Profit percent = 0.25/0.75 * 100
Profit percent = 1/3 * 100
Profit percent = 33.3%
Hence the profit percent is 33.3%
Answer:
Technological innovation during the last half of the 19th century in the United States included (1) railway construction, (2) factory machinery for rapid production, (3) electricity, (4) the typewriter, and more.
Explanation:
Technological innovation in the United States from 1865 (the end of the Civil War) to 1898 significantly transformed the United States' economy. The United States' economy was transformed in the following ways during this period:
Industrial production began to dominate the economic landscape. Industrial production led to economic development and an increased focus on profits and developing ''big business.''
Industrial production led to an effort to increase profits and thus a monopoly of certain aspects of the market by individuals like Rockefeller and Carnegie and the corresponding dramatic increase in wealth for some of these ''robber barons.''
Technological advancements and industrialization led to an increase in the production of goods and a corresponding decrease in the price of goods. As such, consumer culture began to develop.
In sum, the technological advancements from 1865 to 1898 led to (1) economic development, (2) monopolies and dramatic wealth, and (3) the wide availability of lower-priced, more widely available goods and the resulting consumer culture.
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