The price of a coffee mug was $8.50 last week. This week the price increased to $9.35. Calculate the percentage increase. (Round your answer to the nearest tenth of a percent)
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- Historical data show that customers who download music from a popular Web service spend approximately $20 per month, with a standard deviation of $3. Assume the spending follows the normal probability distribution. Find the probability that a customer will spend at least $18 per month. How much (or more) do the top 7% of customers spend? What is the probability that a customer will spend at least $18 per month? 0.7475 (Round to four decimal places as needed.) How much do the top 7% of customers spend? (Round to the nearest cent as needed.)Suppose that the demand for a magazine is 2200 copies each week if the magazine is given away for free and drops to 1975 each week if the price is $5 per copy. Find the demand function qD and use it to answer the following questions. You may want to look at pages 71 through 73 in the notes (videos 52 and 53).a. Fill in the blanks below to interpret the slope of the demand function. For every $ Blank 1. Calculate the answer by read surrounding text. increase in price, Blank 2. Calculate the answer by read surrounding text. fewer copies will be sold.b. Determine how many copies of the magazine would be sold each week if the price was set at $11 per copy. Blank 3. Calculate the answer by read surrounding text. copiesSolve the following problem. Round dollar amounts to the nearest cent. Round other amounts to the nearest tenth. Write rates as percents to the nearest tenth of a percent.
- please answer within 30 minutes.You are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 15 racing bikes per week at a retail price of $659.99. Recently, you put the bikes on sale at $599.99. At the sale price, 18 bikes were sold during the one week sale. (a) What was your markdown percent on the bikes? (Round your answer to one decimal place.) % (b) What is the percent increase in number of bikes sold during the sale? % (c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) $ more revenue (d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.) O Yes, permanent markdown increases revenue significantly. O No, permanent markdown decreases revenue significantly. O No, permanent markdown does not change revenue. Submit AnswerYou are the manager of World Wide Athlete, a chain of six sporting goods shops in your area. The shops sell 10 racing bikes per week at a retail price of $679.99. Recently, you put the bikes on sale at $599.99. At the sale price, 12 bikes were sold during the one week sale. (a) What was your markdown percent on the bikes? (Round your answer to one decimal place.) % (b) What is the percent increase in number of bikes sold during the sale? % (c) How much more revenue (in $) would be earned in 6 months by permanently selling the bikes at the lower price rather than having a 1 week sale each month? (6 sale weeks in 26 weeks.) $ more revenue (d) As manager of World Wide Athlete, would you recommend this permanent price reduction? Explain. (Just consider revenue, ignore cost.) Yes, permanent markdown increases revenue significantly.No, permanent markdown decreases revenue significantly. No, permanent markdown does not change revenue.
- On Monday has was $1.89 per gallon. On Wednesday has prices decreased 6%. on Friday has prices increases 7.5%. What was the price of a gallon of gas on Friday?Chapter 8. Flor's Flours is small business that produces two types of ready-to-use multigrain flours using organic products such as bulgur wheat, garbanzos, and jasmine rice and sells them at a Farmer's Market every weekend. The first blend is called Pancake-Me and is priced at $6.50 per Ib. and the second blend is called the Bake-Me and is priced at $4.50 per Ib. These healthier versions of the traditional flour used for cooking and baking are fairly popular and Flor realizes that she needs to have a more formalized method of how to blend the flours if she hopes to minimize her costs and maximize her profits by continuing to sell the flours on a larger scale. The costs of obtaining the components - bulgur wheat, garbanzos, and jasmine rice are different. With a lot of painstaking trial-and-error, Flor has found that the following guidelines must be met to ensure that the Flours meet the flavor-profile that consumers prefer: Pancake-Me Blend should have: • At least 50% bulgur wheat •…Consumer prices rose 1.0% in May 2022 and 1.3% in June 2022. One of your relatives made the claim that consumer prices rose more than 2.3% over the two-month period covered by May and June. Is this person correct or not? If your relative is correct, justify this claim with calculations, explaining why you're making the calculations you are and showing how much prices actually rose over the two month period as a percentage. If your relative is incorrect, explain their error, using calculations and explanation to back up your claim.
- 14. The monthly telephone bill consists of a $14 service charge plus $1.50 per cal Write an equation in slope-intercept form for the total monthly bill y if x represents the number of calls made in a month. Then graph the solution. Equation:An office supply store adds a $2.50 markup to calculators and sells them for $6.95. (a) What is the cost (in $) of the calculators? $ (b) What is the percent markup based on cost? (Round your answer to the nearest tenth of a percent.) %Ramon Hernandez saw the following advertisement for a used Volkswagen Bug and decided to work out the numbers to be sure the ad had no errors. Cash price $7,940, Down payment $0, Annual percentage rate 16.03%, Deferred price $11,586.00 or 60 payments at $193.10 per month. What is the amount financed? What is he finance charge? What is the APR? What is the monthly payment by formula? Calculate the monthly payment by table lookup at 16.00%
