Equation - 7.60b+60=m
7.60b+60=100
You’d be able to buy 5 books
Of course you need to know what "gross margin percentage" means.
Roughly speaking it is the profit as a percentage of sale price.
When a unit costs $1.00 and is sold at $2.50 the excess revenue is $1.50
Although we could express this profit margin as a FRACTION of the sale price,
(so this would be 1.50/2.5 = 3/5), it is usual to state this as a PERCENTAGE.
The gross margin percentage in the original case would be 100 * 3/5 = 60%
Let cost price be c, sale price be s.
Gross margin percentage g = 100* (s - c)/s
Solving this for sale price s
s = c/[1 - (g/100)]
When unit cost increases $0.25 we have c = 1.25
so s = 1.25[1 - 0.6] = 1.25/0.4 = 3.1
Action needed to maintain the gross margin percentage
is to increase selling price to $3.10
A percentage is a portion out of 100, and because it is a portion of a whole it can be written as a fraction of an amount (in this case a fraction of 100). You can also rewrite this as a decimal because a fraction is essentially the same thing as a division problem and when you divide a number by 100 you usually get a decimal (if the numerator is smaller than 100 that is), and also because decimals are similar to fractions because they represent parts a whole unit for instance the percentage 72% is equivalent to the fraction 72/100 which is the same as 72 divided by 100 which is the same as the decimal 0.72.
Sorry for the long explanation but I hope this helped!
Answer:
no solutions
Step-by-step explanation:
if the end result of solving an equation is untrue, it means there is no number that will satisfy the equation, therefore the equation will have no solutions
Answer:
Each member received 14 ounces each.
Step-by-step explanation:
