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jek_recluse [69]
3 years ago
14

If prices are reduced 25% and sales increase 20%, what is the net effect on gross receipts?

Business
1 answer:
FrozenT [24]3 years ago
7 0
Ok let me state that if it is reduced by 25% is the same a multiplied by 0.75. Increased by 20% is the same as multiplied by 1.20. So what you need to do is multiply the two multipliers together to get the net effect. Now let me give you an example:  <span>If I sell 100 things a day and sales go up 20% I sell 120 things a day. That is the same as multiplying sales by 1.20. So the formula you can use is
Gross Receipts = Sales Price * Number of units sold.
If I change Sales Price and Number of units sold each by simple multipliers, the effect on Gross Receipts will be the product of the multipliers. I hope this helps</span>
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C

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Which of the following will not cause the production possibility frontier to shift? Group of answer choices the introduction of
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an increase in the working population

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