The answer is D. 100%
Markup is the amount added to the total cost of product to cover the total overheads and profit.
In markup based on selling price method, the selling price is considered as the endpoint that companies wanted to achieve, (100%) and the markup will be adjusted to cater into thaat equation.

4 0

3 years ago

Find the missing probability. P(B)=720,P(A|B)=14 ,P(A∩B)=?

Ivan

Answer:

7/80

Step-by-step explanation:

Given that: P(B) = 7 / 20, P(A|B)= 1 / 4

Bayes theorem is used to mathematically represent the conditional probability of an event A given B. According to Bayes theorem:

$P(A|B)=\frac{P(A \cap B)}{P(B)}$

Where P(B) is the probability of event B occurring, P(A ∩ B) is the probability of event A and event B occurring and P(A|B) is the probability of event A occurring given event B.

$P(A|B)=\frac{P(A \cap B)}{P(B)}\\\\P(A \cap B)=P(A|B)*P(B)\\\\Substituting:\\\\P(A \cap B)=1/4*7/20=7/80\\\\P(A \cap B)=7/80$

6 0

3 years ago