Leo's Fruit Stand has always stocked just one brand of apples: Gala. Gala apples cost Leo $0.19 each, and he sells them for $0.60. Leo is considering adding Rome apples to his stand. They will cost him $0.27 each and he plans to sell them for $0.70 each. Leo expects Rome apple volume to be half of Gala's previous volume of 2,600 per month. He also expects 75% of Rome volume to be taken from Gala volume. What percentage sales decrease will Gala suffer as a result of the introduction of Rome apples to the stand?

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Leo's Fruit Stand has always stocked just one
brand of apples: Gala. Gala apples cost Leo
$0.19 each, and he sells them for $0.60. Leo is
considering adding Rome apples to his stand.
They will cost him $0.27 each and he plans to
sell them for $0.70 each. Leo expects Rome
apple volume to be half of Gala's previous
volume of 2,600 per month. He also expects
75% of Rome volume to be taken from Gala
volume.
What percentage sales decrease will Gala
suffer as a result of the introduction of Rome
apples to the stand?
Transcribed Image Text:Leo's Fruit Stand has always stocked just one brand of apples: Gala. Gala apples cost Leo $0.19 each, and he sells them for $0.60. Leo is considering adding Rome apples to his stand. They will cost him $0.27 each and he plans to sell them for $0.70 each. Leo expects Rome apple volume to be half of Gala's previous volume of 2,600 per month. He also expects 75% of Rome volume to be taken from Gala volume. What percentage sales decrease will Gala suffer as a result of the introduction of Rome apples to the stand?
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