Loose Leaf for Statistical Techniques in Business and Economics
17th Edition
ISBN: 9781260152647
Author: Douglas A. Lind
Publisher: McGraw-Hill Education
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Chapter 20, Problem 18CE
a.
To determine
Find the total number of cars needed in order to maximize profit.
b.
To determine
Obtain the
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. Kurt has saved $160 to buy a stereo system that costs $400 including taxes. If he earns $8 an hour after all payroll deductions have been made, how many hours will he have to work in order to have exactly enough money to buy the stereo system?
Thomas works as an auto mechanic and earns the following commission rates: 3% for oil changes, 5% for tune-ups, and 6.25% on auto parts sales. He is guaranteed a minimum salary of $2,450 per month OR his commission pay if that is of greater value. Last month he brought in $3,500 in oil changes, $7,500 in tune-ups, and sold $32,200 in parts. What is his gross pay for the month?
$2,112.50 $2,450.00 $2,492.50 $5,016.50
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Loose Leaf for Statistical Techniques in Business and Economics
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- Christian has been offered a new job that pays $24,000 a year plus 3% of sales. For what total sales would this new job pay more than his current job which pays $60,000?arrow_forwardWhat is the total effect on the economy of a government tax rebate of $1,000 to each household in order to stimulate the economy if each household will spend 90% of the rebate in goods and services?arrow_forwardGeraldine has been offered positions by two insurance companies. The first company pays a salary of $12,000 plus a commission of $100 for each policy sold. The second pays a salary of $20,000 plus a commission of $50 for each policy sold. How many policies would need to be sold to make the total pay the same?arrow_forward
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