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kondor19780726
1 month ago
9

The cost of making a shirt is half of what the shirt normally sells for. today, however, the shirt is on a 15% discount from its

normal price. what is the current price of the shirt?
Business
1 answer:
Scilla [3.8K]1 month ago
7 0
Let y be the shirt’s manufacturing cost, so its usual selling price is twice that, or 2y.

Calculating 15% of the selling price:
15% discount = (15/100) × 2y = 0.3y
Therefore, the discounted price becomes: 2y - 0.3y = 1.7y

This shows that after applying a 15% discount, the sale price is 1.7 times the original cost.
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Answer:

$46,000.

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24 days ago
A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $ 2,000,000 Less: Variable
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Solution

1.Hotel’s cost structure          Indications in percentage(%)

Revenue                                     $ 2,000,000                          (100)

Less: Variable expenses            $ 1,300,000                            65

                                                    --------------------

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                                                    ---------------------

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2.Revenue declines by 30 percent

Revenue                                     $ 1,400,000   (2,000,000×70÷100)                  

Less: Variable expenses               $910,000   ( 1,300,000 ×70÷100)                                                                                  

                                                   ---------------------

Contribution margin                       $490,000     ( 700,000 ×70÷100)              

Less: Fixed expenses                   $392,000     ( 5,60,000 ×70÷100)                      

                                                    ---------------------

Net income                                       $98,000     ( 140,000 ×70÷100))      

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increase in net income by 25 percent  =140,000×25÷100=35,000                                                  

       Operating leverage =    Contribution/ Net income

                                         = 875,000 ÷ 175,000 = 5

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