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05 Nov 2019, 01:39
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A company produces school bags. The cost for producing the first 1,000 bags of a particular design, owing to initial expenses, turns out to be $30 per bag. Thereafter, the cost reduces to $10 per bag. If the company produced 5,000 bags of a certain design and sold them all at an average price of $20 per bag, which of the following will represent the best approximation for the percentage profit earned by the company on the expenses incurred in producing these bags?
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
Are You Up For the Challenge: 700 Level Questions
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
Are You Up For the Challenge: 700 Level Questions
05 Nov 2019, 06:05
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Avg cost price of 5000 bags =\(\frac{1*30+4*10}{5}\)= 14
Avg SP of 5000 bags= 20
best approximation for the percentage profit earned by the company on the expenses incurred in producing these bags= \(\frac{20-14}{14} *100\)=43%
Avg SP of 5000 bags= 20
best approximation for the percentage profit earned by the company on the expenses incurred in producing these bags= \(\frac{20-14}{14} *100\)=43%
Bunuel
A company produces school bags. The cost for producing the first 1,000 bags of a particular design, owing to initial expenses, turns out to be $30 per bag. Thereafter, the cost reduces to $10 per bag. If the company produced 5,000 bags of a certain design and sold them all at an average price of $20 per bag, which of the following will represent the best approximation for the percentage profit earned by the company on the expenses incurred in producing these bags?
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
Are You Up For the Challenge: 700 Level Questions
A. 10%
B. 20%
C. 30%
D. 40%
E. 50%
Are You Up For the Challenge: 700 Level Questions
