We have been given that a retailer buys cases of 24 shirts for $30/case and then resells them in packs of 5 for $8/pack.
Further, we know that retailer sold all the shirts he purchased and profited $84 on the sale.
Let us first find LCM of 24 and 5. The LCM is 120.
Now, let us assume that the retailer bought 120x shirts. Therefore total profit will be:
We can set this equal to the given profit to figure out the value of x first.
Therefore, the retailer sold 120(2)=240 shirts, that is, 48 packs.
The simplified form of this polynomial is (n(20n + 1))/5
Answer:
A
C
D
B
Step-by-step explanation:
Answer: 56 mph
Step-by-step explanation:
48 miles x 2 hours = 96 miles
60 miles x 4 hours = 240 miles
240 + 96 = 360 total miles
360 / 6 (hours) = 56 mph
Answer: hello your question lacks some data hence I will be making an assumption to help resolve the problem within the scope of the question
answer:
≈ 95 units ( output level )
Step-by-step explanation:
Given data :
P = 2000 - Q/10
TC = 2Q^2 + 10Q + 200 ( assumed value )
<u>The output level where a purely monopolistic market will maximize profit</u>
<u>at MR = MC </u>
P = 2000 - Q/10 ------ ( 1 )
PQ = 2000Q - Q^2 / 10 ( aka TR )
MR = d (TR ) / dQ = 2000 - 2Q/10 = 2000 - Q/5
TC = 2Q^2 + 10Q + 200 ---- ( 2 )
MC = d (TC) / dQ = 4Q + 10
equating MR = MC
2000 - Q/5 = 4Q + 10
2000 - 10 = 4Q + Q/5
1990 = 20Q + Q
∴ Q = 1990 / 21 = 94.76 ≈ 95 units ( output level )
