A news stand sells local fashion magazines. The cost to purchase the magazines is the list price of $7.00 less a discount of 31%. Fixed costs total $239 per week. The usual price for the magazines is the list price. Answer each of the following independent questions. (a) If the desired profit is $106, how many magazines must they sell each week? (b) If the news stand puts the magazines "on sale" at 14% off the regular selling price, how much would the profit be if they sold 318 units in a week?

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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A news stand sells local fashion magazines. The cost to purchase the magazines is the list price of $7.00 less a discount of 31%. Fixed costs total $239 per week. The usual price for the magazines is the list price. Answer each of the following independent questions.
(a) If the desired profit is $106, how many magazines must they sell each week?
(b) If the news stand puts the magazines "on sale" at 14% off the regular selling price, how much would the profit be if they sold 318 units in a week?
(a) If the desired profit is $106, they must sell
(Round up to the nearest whole number.)
magazines each week
(b) The profit earned by selling 318 magazines at a 14% discount would be $
(Type an integer or a decimal.)
C
Transcribed Image Text:A news stand sells local fashion magazines. The cost to purchase the magazines is the list price of $7.00 less a discount of 31%. Fixed costs total $239 per week. The usual price for the magazines is the list price. Answer each of the following independent questions. (a) If the desired profit is $106, how many magazines must they sell each week? (b) If the news stand puts the magazines "on sale" at 14% off the regular selling price, how much would the profit be if they sold 318 units in a week? (a) If the desired profit is $106, they must sell (Round up to the nearest whole number.) magazines each week (b) The profit earned by selling 318 magazines at a 14% discount would be $ (Type an integer or a decimal.) C
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