Answer:
M= 15
Step-by-step explanation:
Hope it’s right
9514 1404 393
Answer:
33.3%
Step-by-step explanation:
The selling price of £42 is (1 +40%) times the total purchase price.
1.40 × purchase price = £42
purchase price = £42/1.40 = £30
The total profit is 40% of this, so is ...
£30 × 40% = £12
The purchase price of the skirt is ...
total cost - glove cost = skirt cost = £30 -3 = £27
The profit on the skirt is ...
total profit - glove profit = skirt profit = £12 -100% × £3 = £9
Then the percentage profit on the skirt is ...
skirt profit % = skirt profit / skirt cost × 100% = £9/£27 × 100% = 33.3%
The percentage profit on the cost of the skirt was 33.3%.
The greatest whole number is 300,000
Answer:
E = 1.09
Step-by-step explanation:
Elasticity measures the sensitivity of demand with changes in income.
Elasticity of Income has the formula:
[Change in Demand/Demand]/[Change in Income/Income]
So, now, we have:
D_0 = 2
D_1 = 1
I_0 = 8
I_1 = 15
Now, Elasticity (E) is:
E = [(1-2)/(1+2)]/[(15-8)/(15+8)]
E = [1/3]/[7/23]
E = 1.09
