As a product development manager, one of your tasks is to determine the best price for an item to increase company profits. To do that, you need to take into account the cost of making the product, the labor of creating the product, and other overhead costs for the company (such as rent, electricity, etc.) If a product uses $14.25 in materials, $3.55 in labor, and $2.15 in overhead costs, what would you need to sell the product for in order to make a 20% profit on the item?

Answers

Answer 1

Answer:

$23.95

Step-by-step explanation:

In order to calculate the best selling price we first need to calculate the total amount of costs. Since we are provided with each individual cost we simply need to add these costs together to find the total.

$14.25 + $3.55 + $2.15 = $19.95

Now that we have the total amount of costs, we know that this is the break-even price that the product needs to sell for in order for the company not to lose money. If the company wants to make a 20% profit on each sale then you would need to increase this amount by 20%. This is done by multiplying the total costs by 1.20, which is 20% divided by 100 to turn it into decimal form, and then adding 1 to make it increase the total cost.

$19.95 * 1.20 = $23.95

Therefore, the company needs to sell each item for $23.95 in order to make a 20% profit.


Related Questions

In the accompanying diagram of triangle XYZ and triangle ABC, angle X cong angle A and angle Y cong angle B . If XY = 5 , YZ = 12 , and AB = 15 , what is BC? A 15X 5 Y12B с

Answers

Answer:

BC = 36

Step-by-step explanation:

If <X ≅ <A, and <Y ≅ B, therefore ∆XYZ is similar to ∆ABC.

Since ∆XYZ is similar to ∆ABC, it follows that the ration of their corresponding side lengths would be equal.

That is:

[tex] \frac{AB}{XY} = \frac{BC}{YZ} = \frac{AC}{XZ} [/tex]

AB = 15

XY = 5

YZ = 12

Thus:

[tex] \frac{AB}{XY} = \frac{BC}{YZ} [/tex]

Plug in the values

[tex] \frac{15}{5} = \frac{BC}{12} [/tex]

Multiply both sides by 12

[tex] \frac{15}{5}*12 = \frac{BC}{12}*12 [/tex]

[tex] \frac{15*12}{5} = BC [/tex]

[tex] 36 = BC [/tex]

The length of the segment BC is 36 and this can be determined by using similar triangle properties and the given data.

Given :

Angle X congruent to angle A and angle Y congruent to angle B. XY = 5 , YZ = 12 , and AB = 15.

The following steps can be used in order to determine the length of the segment BC:

Step 1 - According to the given data, XY = 5 , YZ = 12 , and AB = 15. Also angle X congruent to angle A and angle Y congruent to angle B.

Step 2 - So, according to the given data, it can be concluded that both the triangles are similar.

Step 3 - From the above steps, it can be concluded that the corresponding sides ratios of the triangles are equal.

[tex]\rm \dfrac{AB}{XY}=\dfrac{BC}{YZ}=\dfrac{AC}{XZ}[/tex]

Step 4 - Now, substitute the values of YZ, XY, and AB in the above expression.

[tex]\rm \dfrac{15}{5}=\dfrac{BC}{12}[/tex]

Step 5 - Simplify the above expression.

BC = 36

For more information, refer to the link given below:

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A small fruit basket costs $8 and a large fruit basket costs $24. The small basket
contains 6 apples and 4 pears. The large basket contains 18 apples and 12 pears.
a. Write a system of linear equations to represent this situation.
b. Can you find the unit price of each fruit?​

Answers

Answer:One apple is 1.17

One pear 0.25

See below :)

Step-by-step explanation:

WHAT IS THE SOLUTION TO THIS LINEAR SYSTEM? ​

Answers

the answer would be -3,6

Which of the following graphs represents a function? Choose all that apply.

Answers

Answer:

d

Step-by-step explanation:

URGENT!! DUE IN 15 MIN!!
*don't mind the answer I chose*

Answers

i think its D but im not sure
You were correct the answer is a!

A basketball player for the Seattle Supersonics averages about 2 three-pointers for every 5 he shoots. If he attempts 10 three-pointers in a game,

how many would you expect him to make ?

a
8
b
25
c
4
d
5

Answers

Answer:

C. 4

Step-by-step explanation:

If he makes 2 for every five then he will make 4 for every 10 he shoots

The standard form of y = -x + 2 is x + y = 2.
Group of answer choices

True

False

Answers

The answer to this is true

1.1 repeating decimal as a simplified fraction

Answers

Answer:

11/10 i think... may be wrong

Step-by-step explanation:

Answer:

10/9 is the answer.

Step-by-step explanation:

PLEASE HELP!

Fill in the blank

1. 40 times the sum of 24 and 36

2. Divide the difference between 1,600 and 400 by 4


Answers

Answer:

A. The expression of "40 times the sum of 24 and 36" would be 40 x (24+36), and the value would be 2400.

B. for the words portion it would be "20 times the sum of 650 and 350", and the value of that expression is 20,000.

C. The expression of "divide the difference between 1,600 and 400 by 4" should be 1200 / 4, and if that is the correct way to format the expression then the value would be 300.

D. for the words portion it would be "100 times the sum of 78 and 12", and the value of that expression is 10,000.

Step-by-step explanation:

Answer:

40 times the sum of 24 and 36

40 × (24 + 36)

2400

20 times the sum of 650 and 350

20000

divide the difference between 1600 and 400 by 4

(1600 - 400) ÷ 4

300

100 times the sum of 78 and 12

9000

Solve this picture problem

Answers

Answer:

5 boxes with a X on it

Step-by-step explanation:

Write an expression equivalent to: -3(6x-10)

Answers

Answer:

Pemdas:

Step-by-step explanation:

-3*6x then -3*10

-18x+30= -0.6

Riddle, do not google
What can you hold in your right hand, but never in your left hand?

Answers

Answer:

Your left hand: is your answer

Answer:

your left hand omg if i got this than pleas give me branlyist

19 x 50= _____ fifties

Answers

Answer:

950

Step-by-step explanation:

19 ×5

then add the zero

What is the difference of (-3.4x + 4.7) - (3 + 2.9x)?

A. -0.5x + 1.7

B. -6.3x - 1.7

C. -0.5x - 1.7

D. -6.3x + 1.7

Answers

Answer:

-6.3x +1.7

Step-by-step explanation:

(-3.4x +4.7) - (3+2.9x)

= - 3.4x - 2.9x +4.7 - 3

= - 6.3x + 1.7

Answer:

d

Step-by-step explanation:

your friend is choosing between two music download companies. MyTunes charges $2.50 per song. Great Songs charges $1.50 per song and has a one-time membership fee of $50. When will Great Songs be the better deal?

Answers

Answer:

After 100 songs

Step-by-step explanation:

2.50x=1.50x+50

.50x=50

÷.50

X=100

Great Songs will be the better deal after 100 songs.

What are mathematical operations?

Mathematical operations can also be defined by using built-in functions to subtract, divide, and multiply. The arithmetic operator is the one who conducts the arithmetic operation.

* Multiplication procedure: Values on both sides of the operator are multiplied.

For instance, 7×2 = 14

/ Division: Divides the left operand by the right operand

For instance, 4/2 = 2

MyTunes imposes a fee of $2.50 per song. Great Songs charges $1.50 for each song and includes a $50 one-time membership fee, as stated in the question.

Let the songs that come after Great Songs would be x, the better the deal.

⇒ 2.50x = 1.50x + 50

⇒ 0.50x = 50

Divided by 0.50 into both sides of the equation,

⇒ x = 100

Therefore, Great Songs will be the better deal after 100 songs.

Learn more about Mathematical operations here:

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Please help me with this question, I will really appreciate it.

Answers

Answer:

Is that army I spot here?

Step-by-step explanation:

I need help with this one exercise to finish so any help would be greatly appreciated!
|4x - 3| + 10 < 2

Answers

Answer:

No Solutions

Step-by-step explanation:

for |4x -3| + 10 < 2

|4x - 3| < -8

Not possible since absolute value is positive

2.
Ms. Lecky ordered pizza for a party. 1 5/8 of the vegetarian pizza and 2/3
of the ham and pineapple pizza were not eaten. How much pizza was left

Answers

x = 1 5/8 + 2/3

Convert to improper fraction
x = 13/8 + 2/3

Use common denominator
x = 39/24 + 16/24

x = 55/24

Reduce the fraction
x = 2 7/24

Expresiones algebraicas. 1- Escribe en el lenguaje algebraico las siguientes expresiones del lenguaje común. Dos terceras partes de un número. ____________________________ Un número menos su doble. ________________________________ La suma de los cuadrados de tres números. _____________________ El producto de dos números divididos por un tercer número.________________ La suma de tres números consecutivos. _____________________________

Answers

Answer:

Dos terceras partes de un número: [tex]\frac{2}{3}*x[/tex]

Un número menos su doble: x - 2*x

La suma de los cuadrados de tres números: x² + y² + z²

El producto de dos números divididos por un tercer número: [tex]\frac{x*y}{z}[/tex]

La suma de tres números consecutivos: x+(x+1)+(x+2)

Step-by-step explanation:

Una expresión algebraica es un conjunto de números y letras que se combinan con los signos de las operaciones aritméticas. En otras palabras, el lenguaje algebraico es el que utiliza letras, símbolos y números para expresar en forma breve y concisa enunciados en los que se pide realizar operaciones matemáticas.

Entonces, siendo x, y, z números al cual desear aplicar una operación aritmética, y teniendo en cuenta que:

dos terceras partes= [tex]\frac{2}{3}[/tex]doble: se calcula multiplicando el número por 2Cuadrado de un número n: se representa como n², y se calcula multiplicando el número por sí mismo.Producto: hace referencia a la multiplicación.Un número consecutivo se obtiene sumando una unidad al anterior.

las siguientes expresiones escritas en lenguaje algebraica serán:

Dos terceras partes de un número: [tex]\frac{2}{3}*x[/tex]

Un número menos su doble: x - 2*x

La suma de los cuadrados de tres números: x² + y² + z²

El producto de dos números divididos por un tercer número: [tex]\frac{x*y}{z}[/tex]

La suma de tres números consecutivos: es la suma del primer número, más el segundo que seria el primero más uno, más el tercero que seria el primero más 2. Esto es: x+(x+1)+(x+2)

There are 6 ouces of dough and 4 ounces of suase for each person at a party including yourself once you have a total of guest you buy exactly the needed amount of all ingredientsthe dough and sause weigh 130 ounces all together how many ounces of dough did you buy and how many ouces of suase did you buy and how may guests are coming to the party?

Answers

Answer:

Number of guests = 13

Sauce = 52 ounces

Dough = 78 ounces

Step-by-step explanation:

you are having a pizza making party. You will need 6 ounces of dough and 4 ounces of sauce for each person at the party (including myself the host) Once you have a total count of guests you have exactly the amount needed for ingredients. the dough and sauce that I have is 130 ounces all together. How many ounces of dough did I buy? Explain How many ounces of sauce did I buy? Explain How many guests are coming to the party? Explain

Dough = 6 ounces

Suase = 4 ounces

Dough + sauce = 6 + 4 = 10

Let x = total number of guests

Dough ingredients + sauce ingredients = 130

10x = 130

Divide both sides by 10

x = 130/10

= 13

x = 13

Number of guests = 13

Total ounces of dough = 6 ounces × 13 guests

= 78 ounces of dough

Total ounces of sauce = 4 ounces × 13 guests

= 52 ounces of sauce

Therefore,

Number of guests = 13

Sauce = 52 ounces

Dough = 78 ounces

Find the missing number so that the equation has no solutions.

Answers

Answer: ok

Step-by-step explanation: I THINK it E2

Answer:

-6

Step-by-step explanation:

2x-8=-6x-11

The arithmetic sequence a_ia i ​ a, start subscript, i, end subscript is defined by the formula: a_1 = 15a 1 ​ =15a, start subscript, 1, end subscript, equals, 15 a_i = a_{i - 1} -7a i ​ =a i−1 ​ −7a, start subscript, i, end subscript, equals, a, start subscript, i, minus, 1, end subscript, minus, 7 Find the sum of the first 660660660 terms in the sequence.

Answers

Answer:

-1,512,390

Step-by-step explanation:

Given

a1 = 15

[tex]a_i = a_{i-1} -7[/tex]

Let us generate the first three terms of the sequence

[tex]a_2 = a_{2-1}-7\\a_2 = a_1 - 7\\a_2 = 15-7\\a_2 = 8[/tex]

For [tex]a_3[/tex]

[tex]a_3 = a_{3-1}-7\\a_3 = a_2 - 7\\a_3 = 8-7\\a_3 = 1[/tex]

Hence the first three terms ae 15, 8, 1...

This sequence forms an arithmetic progression with;

first term a = 15

common difference d = 8 - 15 = - -8 = -7

n is the number of terms = 660 (since we are looking for the sum of the first 660 terms)

Using the formula;

[tex]S_n = \frac{n}{2}[2a + (n-1)d]\\[/tex]

Substitute the given values;

[tex]S_{660} = \frac{660}{2}[2(15) + (660-1)(-7)]\\S_{660} = 330[30 + (659)(-7)]\\S_{660} = 330[30 -4613]\\S_{660} = 330[-4583]\\S_{660} = -1,512,390[/tex]

Hence the sum of the first 660 terms of the sequence is  -1,512,390

What is 38% of 96? just need someomne to walk me through it plz

Answers

Answer:

37.24

Step-by-step explanation:

ok so there's a strategy I got taught ready?

100%- 96.

38%-x

~cross multiply~

100x= 3724

÷100      ÷100

________________

x=37.24

Hope this helps :D   p.s- i recommend using this strategy :D

Answer:

38.96

Step-by-step explanation:

Ok so its hard to explain but 38% u move the percent sign 2 times to the left and then u get 38. then u put 96 as the decimal there it is!

What is the solution of the system
of equations?
2x + 5y = 20
y=-2/5x-1

Answers

Answer: the answer is A

Step-by-step explanation

I Took The Quiz

Stella sold five items at a
garage sale for $12.50, $2.75,
$0.50, $20.00, and $8.50.
How much money did she
make? Plz help

Answers

Answer:

$44.25

Step-by-step explanation:

12.5 + 2.75 + .5 + 20 + 8.5 =44.5

2.75 + .5 = 3.25

20 + 12.5 + 32.5

3.25 + 32.5 + 8.5 = 44.25

The small rectangle was enlarged to create the big rectangle. A smaller rectangle has a length of 12 feet and a width of 2 feet. A larger rectangle has a length of x feet and a width of 5 feet. Not drawn to scale What is the missing measure on the big rectangle?

Answers

Answer:

the bigger rectangle = 30 x 5

Step-by-step explanation:

divide the bigger width by the smaller width to find the rate of change (2.5) and multiply both numbers (length and width) to get the larger rectangle.

Answer:

30

Step-by-step explanation:

30

The number of apps a developer sells daily has the probability distribution represented in the table.


Number of Apps, x | 0 20 40 60 80 100
P(x) 0.05 0.25 | 0.18 0.12 0.3 0.1

If each app sells for $5.99, what is the expected daily total dollar amount taken in by the developer from the sale of apps?
A. $5.99
B. $53.40
C. $59.90
D. $314.22
E. $319.87

Answers

Answer:

Total amount taken in by the depeloper from the sale of apps = sum(5.99 * x * P(x))

= 5.99*0*0.05 + 5.99*20*0.25 + 5.99*40*0.18 + 5.99*60*0.12 + 5.99*80*0.3 + 5.99*100*0.1

= 319.87

Ans: $319.87

Step-by-step explanation:

The expected daily total dollar amount taken in by the developer from the sale of apps is $319.87 option (E) is correct.

What is uniform distribution?

The continuous uniform distribution, sometimes known as the rectangle distribution, is a family of symmetric probability distributions in probability theory and statistics.

We have:

The number of apps a developer sells daily has the probability distribution represented in the table:

Number of Apps, x       0      20    40     60      80    100

P(x)                              0.05  0.25  0.18   0.12     0.3     0.1

Each app sells for $5.99

We can calculate the expected daily total dollar amount taken in by the developer from the sale of apps:

The total amount is taken in by the developer from the sale of apps:

= sum(5.99x[P(x)])

= 5.99×0×0.05 + 5.99×20×0.25 + 5.99×40×0.18 + 5.99×60×0.12 +

   5.99×80×0.3 + 5.99×100×0.1

= 0 + 29.95 + 43.128 + 43.128 + 143.76 + 59.9

= 319.866 ≈ $319.87

Thus, the expected daily total dollar amount taken in by the developer from the sale of apps is $319.87 option (E) is correct.

Learn more about the uniform distribution here:

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For what value of a does the equation 3x+5=Ax+5

Answers

A=3. isolate the x by subtracting 5. 3x=Ax. divide by x. 3=x.

The coordinate plane has the following points A=(2, 1), B=(5, 1), C=(7,2), and 1 point
D=(4,2). What is the length of CD?

Answers

Answer:

d = 3

Step-by-step explanation:

Coordinate Plane

The image provided shows the four points given:

A=(2, 1), B=(5, 1), C=(7,2), D=(4,2).

It can be clearly seen the length of CD is just the difference of their x-coordinates:

CD = 7 - 4 = 3

We can also use the formula of the distance.

Given two points C(x,y) and D(w,z), the distance between them is:

[tex]d=\sqrt{(z-y)^2+(w-x)^2}[/tex]

[tex]d=\sqrt{(2-2)^2+(7-4)^2}[/tex]

[tex]d=\sqrt{0^2+3^2}[/tex]

[tex]d=\sqrt{9}[/tex]

d = 3

The sum of the measures of the three angles is equal to 180 degrees. What is the measure of angle B?
The angle measures of a triangle are shown

Angle A: (5x - 5) degrees

Angle B: (3x + 3) degrees

Angle C: (5x) degrees

Answers

Answer:45°

Step-by-step explanation:

First we need to find x

(5x-5)+(3x+3)+(5x)=180

Simplify

13x-2=180

Add 2 to each side

13x=182

Divide each side by 13

x=14

Now apply our x to angle B

3(14)+3

42+3

45

Angle B=45°

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