the company the working fairies make tablecloths but the whole tablecloth is rectangular and measures 85 cm by 90 cm the fabric needed to make a tablecloth costs $22.24 the tablecloth is made in two stages the first step consists of making the tablecloth and it lasts 15 minutes the second step is spread over 30 minutes for laying the lace ribbon around the tablecloth. the cost of this lace is $1.72\m the seamstresses at the hand of fairies are paid 12.36 an hour. paul the marketing manager suggests selling the tablecloths at the price of 45,994 the boss is furious because she wants to make a profit corresponding to 12% of the production cost of each tablecloth finds arguments to help paul convince his boss that the suggested price meets his expectations

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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the company the working fairies make tablecloths but the whole tablecloth is rectangular and measures 85 cm by 90 cm the fabric needed to make a tablecloth costs $22.24 the tablecloth is made in two stages the first step consists of making the tablecloth and it lasts 15 minutes the second step is spread over 30 minutes for laying the lace ribbon around the tablecloth. the cost of this lace is $1.72\m the seamstresses at the hand of fairies are paid 12.36 an hour. paul the marketing manager suggests selling the tablecloths at the price of 45,994 the boss is furious because she wants to make a profit corresponding to 12% of the production cost of each tablecloth finds arguments to help paul convince his boss that the suggested price meets his expectations

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