We read your photo as:
A Company produces hard bags at 120.00 and sells at 30% profit. a. Find the selling price of a bag. b. If the Company wants to produce bags worth 2,700.00, how much asset will remain C. Suppose the production cost increases by 10% but the selling price remains unchanged, find the profit per bag.
ScanSolve AI Answer
Answers
4 partsStep-by-step solution
8 stepsHere's the solution to the problem:
Part a· 2 steps
Find the selling price of a bag.
Calculate the profit amount per bag.
The cost price is
120.00 and the profit percentage is 30%. $$ \text{Profit amount} = 30\% \times \120.00 = \frac{30}{100} \times $120.00 = $36.00 $$Calculate the selling price per bag.
Part b
If the company wants to produce more a total profit of $2,700.00, how many bags must be sold.
Determine the profit per bag.
From part (a), the profit per bag is $36.00.
Calculate the number of bags to be sold.
Part c(i)\24.00$
\24.00$
new profit per bag
Suppose the production cost increases by 10% but the selling price remains unchanged, find the
Calculate the new production cost per bag.
The original cost is
120.00 and it increases by 10%. $$ \text{New cost price} = \120.00 + (10% \times $120.00) = $120.00 + $12.00 = $132.00 $$Calculate the new profit per bag.
The selling price remains unchanged at
156.00 (from part a). $$ \text{New profit per bag} = \text{Selling price} - \text{New cost price} = \156.00 - $132.00 = \boxed{$24.00} $$
Part c(ii)
number of bags that must be sold to make a profit of at least $2,700.00
Determine the new profit per bag.
From part (c.i), the new profit per bag is $24.00.
Calculate the number of bags to be sold.
Since you cannot sell half a bag, the company must sell 113 bags to make at least $2,700.00 profit.
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
More Mathematics Questions

Handwritten Step-by-Step Solution
Get this as a handwritten image on WhatsApp — like a tutor wrote it for you.
Try on WhatsApp