He earns 2% commission for every car...and each car sells for 35,000....
so for every car, he earns (0.02(35000) = $ 700
700c = 5000
c = 5000/700
c = 7.14....so he would basically have to sell 8 cars because 7 cars wouldnt quite be enough
Answer:
yeah he is right the answer is the photo
Step-by-step explanation:
Answer:
Your answer would be $2,891
Hope this help :D
Step-by-step explanation:
True, hope this helps you.
Answer: The value of cross price elasticity is 1.6.
Step-by-step explanation:
Since we have given that
Percent change in price = 10%
Percent change in quantity = 16%
So, we need to find the cross price elasticity between the two movie club memberships.
As we know the formula for cross price elasticity :

Hence, the value of cross price elasticity is 1.6.