Answer:
The marked up percentage is 112.5%
Step-by-step explanation:
The cost price of the emerald pendant = $400
The selling price of the emerald pendant = $840
Now, the Mark up Price = Selling Price - Cost Price
= $840 - $400 = $450
Also,
=
⇒ Percentage of Mark up Price = 112.5%
Hence, the marked up percentage is 112.5%
Answer:
Number of ovens must be manufactured in a given week to generate a profit of $1610 is 70
Step-by-step explanation:
We are given
A small-appliance manufacturer finds that the profit P (in dollars) generated by producing x microwave ovens per week is given by the formula
provided that 0 ≤ x ≤ 200
We are given
profit is $1610
so, we can set P=1610
and then we can solve for x
Multiply both sides by 10
now, we can factor it
we can solve for x
and we get
Since, x=230 does not lie on 0 ≤ x ≤ 200
So, we will consider only x=70
So,
Number of ovens must be manufactured in a given week to generate a profit of $1610 is 70