<- Save & Exit Certify Lesson: 4.7 Applications of Percent JEREMI 11/15 Question 12 of 12, Step 3 of 3 Correct The cost of a refrigerator to a store owner was $750, and she sold the refrigerator for $1020. Step 3 of 3: What was her percent of profit based on selling price? Follow the problem-solving process and round your answer to the nearest hundre Answer How to enter your answer
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A: NOTE: Refresh your page if you can't see any equations. . here we have AC=10 AD=x CD=10.5
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- The trend in home building in recent years has been to emphasize open spaces and great rooms, rather than smaller living rooms and family rooms. A builder of speculative homes in the college community of Oxford, Ohio, had been building such homes, but his homes had been taking many months to sell and had been selling for substantially less than the asking price. In order to determine what types of homes would attract residents of the community, the builder contacted a statistician at a local college. The statistician went to a local real estate agency and obtained the data contained in file OxHome. This data includes the sales price (measured in thousand dollars), square footage, number of rooms, number of bedrooms, and age for each of 60 single-family residences recently sold in the community. Using this data, a regression model was built to predict the sales price of houses in this community. The regression equation from the model is: sales price (thousand dollars) = 19.5 + 0.1079…The trend in home building in recent years has been to emphasize open spaces and great rooms, rather than smaller living rooms and family rooms. A builder of speculative homes in the college community of Oxford, Ohio, had been building such homes, but his homes had been taking many months to sell and had been selling for substantially less than the asking price. In order to determine what types of homes would attract residents of the community, the builder contacted a statistician at a local college. The statistician went to a local real estate agency and obtained the data contained in file OxHome. This data includes the sales price (measured in thousand dollars), square footage, number of rooms, number of bedrooms, and age for each of 60 single-family residences recently sold in the community. Using this data, a regression model was built to predict the sales price of houses in this community. The regression equation from the model is: sales price (thousand dollars) = 19.5 + 0.1079…The trend in home building in recent years has been to emphasize open spaces and great rooms, rather than smaller living rooms and family rooms. A builder of speculative homes in the college community of Oxford, Ohio, had been building such homes, but his homes had been taking many months to sell and had been selling for substantially less than the asking price. In order to determine what types of homes would attract residents of the community, the builder contacted a statistician at a local college. The statistician went to a local real estate agency and obtained the data contained in file OxHome. This data includes the sales price (measured in thousand dollars), square footage, number of rooms, number of bedrooms, and age for each of 60 single-family residences recently sold in the community. Using this data, a regression model was built to predict the sales price of houses in this community. The regression equation from the model is: sales price (thousand dollars) = 19.5 + 0.1079…
- If 2 liter Bubbly-Cola products cost Speedy $16.20 per case of 24 bottles, what is the amount of the markup (in $) and what is the percent markup on selling price per case? amount of the markup$percent markup on selling price % (b) If 12 pack Bubbly-Cola products have a markup of $8.55 per case of six 12 packs at Speedy, what are the cost (in $) and the percent markup on selling price per case? cost$percent markup on selling price % (c) Why has Speedy Supermarket chosen to use markup based on selling price? The markup based on selling price is easier to calculate than markup on cost.Speedy Supermarket can control how much they pay for items using markup based on selling price. Speedy Supermarket is a manufacturer and therefore uses markup based on selling price.The markup based on selling price is greater than markup on cost.Speedy Supermarket is a retail store and therefore uses markup based on selling price.On the Great Stark island, the likelihood of a residential fire is evenly distributed at 12 per month. Residents are evenly distributed along the 64-mile perimeter of the island. The government is providing fire protection, and a fire department's fixed cost is $60,000 per month. If the travel cost to fight a fire is $2,500 per mile, what is the optimal number of fire departments?A sample of executives were surveyed about loyalty to their company. One of the questions was, “If you were given an offer by another company equal to or slightly better than your present position, would you remain with the company or take the other position?” The responses of the 200 executives in the survey were cross-classified with their length of service with the companyLoyaltyLength of ServiceTotalLess than 1 year1 -5 years6-10 yearsMore than 10 yearsWould Remain1030575120Would Not Remain2515103080Total354515105200If an executive is selected from company what is the probability that:an executive who had 1-5 years of service length, would remain in the company.
- A sample of executives were surveyed about loyalty to their company. One of the questions was, “If you were given an offer by another company equal to or slightly better than your present position, would you remain with the company or take the other position?” The responses of the 200 executives in the survey were cross-classified with their length of service with the companyLoyaltyLength of ServiceTotalLess than 1 year1 -5 years6-10 yearsMore than 10 yearsWould Remain1030575120Would Not Remain2515103080Total354515105200If an executive is selected from company what is the probability that:an executive who is loyal to the company (would remain), had 1-5 years of service length.A US firm, having prior knowledge that Russia would invade Ukraine, bought 100,000 barrels of oil from Heritage Limited , a Trinidad firm . If in January 2022, the US firm enters into a forward contract to purchase the oil at US$65 per barrel to settle in November 2022, what is the gain/loss on the contract to the US firm? The spot price of oil in November averages US$100 per barrel. a. US$35,000 loss b. US$40,000 gain c. US$40,000 loss d. US$35,000 gainBhavika Investments, a group of financial advisors and retirement planners, is providing advice on how to invest $200,000 for one of its clients in the stock market and in money market funds. Each dollar invested in the stock market gives a return of 10% and each dollar invested in money market funds gives a return of 5%. However, there is risk involved: the risk measure for each dollar invested in the stock market is 12, and the risk measure for each dollar invested in the money market is 5. The table below summarizes the information just presented. Risk measure per investment dollar Percentage return per investment dollar Stock Market 12 10% Money market 5 5% The client has stipulated an annual return of at least $14,000 on his investments in the stock market and money market. Formulate a linear programming model for this situation that will minimize the risk of investing and solve it to find out how much should be invested in each market. check_circle
- Suppose the chamber of commerce in Pinehurst, North Carolina decided to hold a professional golf tournament at the famous Pinehurst Country Club. They would probably be able to get a TV contract from a major network. The TV revenue would be about $4 million, and they would sell 60,000 tickets at $8 apiece. The fund for prizes would be 20% of their total revenue (TV plus tickets) rounded to the nearest $10,000. The prizes would be as follows (all prizes are rounded to the nearest dollar): First prize: 18% of the total prize money Second prize: 60% of the first prize Third prize: 65% of the second prize Fourth prize: 70% of the third prize Fifth prize: 75% of the fourth prize Sixth prize: 6% of the remaining prize money Seventh prize: $900 less than sixth prize Eighth prize: $900 less than seventh prize And so on, with each subsequent prize $900 less than the previous prize. The final prize would be whatever was left over, even if it…You are considering purchasing a carpet cleaning business that will cost $40,000 for startup. Being a detail-oriented entrepreneur, you have looked into the performance of other franchises for this company and have found the following. 35% of the franchises close after one year with a net loss of $48,000. 30% of the franchises continue to operate but have a net profit of only $24,000. 35% of the franchises are doing quite well with a net profit of $100,000 in their first year. If you are only concerned with the first year’s outcomes, what Is the expected value of the franchise?question 2 Porshe shoes Store sells a shoes with discounts of 15 percent and 20 percent, while Judy Shoes Store sells the same type of shoes with discounts of 10 percent, 10 percent and 15 percent. (a) If the list price of the shoe is $139, calculate the net price of that Shoe in Porshe shoes Store.