Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. there are 2 different catalogs sent to customers.

There are 2 different catalogs sent to customers. One of the catalogs costs 50 cents to...

70.2K

Verified Solution

Question

Basic Math

There are 2 different catalogs sent to customers. One of thecatalogs costs 50 cents to make and is 50 pages long. Theconversion rate for the catalog is 5% and each customer brings in315 dollars. The second catalog costs 95 cents to make, is 100pages long and each customer brings in 300 dollars from it. Theprofit margin is 30%. What should the conversion rate for thesecond catalog be to make at least the same amount of profit as thefirst one.

Answer & Explanation Solved by verified expert
4.1 Ratings (775 Votes)
We can assume without any loss of generality that 100 catalogs of both the 1st and the 2nd type are made In case of the 1st catalog the cost is 100 050 50 The conversion rate    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Gary Levin is the chief executive officer of Mountainbrook Trading Company. The board of directors has...

Operations Management
1.2K views

Consider the seven management pioneers and their theories and approaches. Of these pioneers, whose approach do...

Physics
1.2K views

iii 100 plates each of area A are arranged with the separation of d between...

Basic Math
1.2K views

Determine the volume, in ft3, of 2 lb of a two-phase liquid-vapor mixture of Refrigerant...

Basic Math
1.2K views

f(x)=(x - 5)(2x + 7) (7x - 3) has zeros at x = -3.5, x...

Calculus
1.2K views

6 f x 3x cotx 7 g x 2x csc x 8 h x 1...

Accounting
1.2K views

JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS At December 30, 2018 and...

Accounting
1.2K views

Managerial Accounting In 5 sentences answer the question below: Why is variable costing a better...

Accounting
1.2K views

Maria Sanchez started the Merry Mowers lawncare business. She began operations on May 1st and...

Accounting
1.2K views

In which of the following situations would an auditor most likely assess control risk as...

Accounting
1.2K views

discuss possible reasons why h&m group has chosen to globalise its operations beyond its domestic...

Finance
1.2K views

If a company just pays a dividend of $2 per share and its dividend is...