Question about Computers & Internet
Posted by Anonymous on
a 6ya expert can help you resolve that issue over the phone in a minute or two.
best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.
the service is completely free and covers almost anything you can think of (from cars to computers, handyman, and even drones).
click here to download the app (for users in the US for now) and get all the help you need.
Posted on Jan 02, 2017
I think you should refer to you definitions. The 20% is called the markup. The profit margin is calculated with respect to the revenue. So you should divide the 400$ by 2400$ to get a net profit margin of 400/2400 =0.1667 or 16.67% (And we are not taking into account the taxes).
Margin = Markup /(price + Markup)
Markup = Margin* (Price +Markup)
Markup = Margin*Markup + Margin* Price
Markup = Margin*Price/( 1-Margin)
For Price =2000, Margin =0.2 (that is 20%)
Markup = 0.2*2000(1-0.8) =0.2*2000/0.8
Markup = 2000*(0.2/0.8)= 2000*0.25 = 500
Thus to have a (net) profit margin of 20%, an item costing 2000$ must be marked up by 500$.
Try not to reason with numbers. Write the defining relation and use algebra to isolate for the variable you seek.
Hope it helps.
Thank you for using Fixya and for rating this solution.
Posted on Dec 01, 2009
Set C = R
This means 16X - 20000 = 14X
Add -16X to both sides
-20000 = -2X
Divide both sides by -2
10000 = X
This means that the break even point is 10000 units.
Posted on Jan 27, 2011
450 minus 65.06 minus 50 equals net
450 divided by net = percent of profit move decimal 2 places to the right
Posted on Nov 02, 2016
Testimonial: "Hi Brad, thank you very. I'm working on a business plan and I am working on knowing my numbers. Like they say on "Shark Tank" if you don't know your numbers you don't know your business. So I will surly be in touch again. Once again "Thank you." Nickie V. Smith"
Tips for a great answer:
Nov 02, 2016 | Office Equipment & Supplies
May 12, 2016 | Office Equipment & Supplies
Feb 17, 2016 | 2002 Mercury Mountaineer
Mar 17, 2015 | math.com Computers & Internet
Mar 04, 2015 | Computers & Internet
Sep 24, 2011 | Texas Instruments TI-83 Plus Calculator
Oct 10, 2010 | SoftMath Algebrator - Algebra Homework...
Jun 07, 2017 | Linear Home Security
Nov 30, 2009 | Canon P23-DH Calculator
Apr 22, 2008 | Office Equipment & Supplies
22 people viewed this question
Usually answered in minutes!