Answer:
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A ferry traveled 1/6 of the distance between two ports in 3/7 hour. At this rate, what fraction of the distance between the two
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Answer:
Expected Profit = $220,700
Step-by-step explanation:
(SEE ATTACHMENT BELOW)
Given
Wholesale = $20
Retail = $30
Total profit made = Profit made from wholesale + profit made from retails
We get total profit made from wholesale by getting the number of units sold
Number of units sold = 2000 * 0.1 + 5000 * 0.3 + 10000 * 0.4 + 20000 * 0.2
Units sold = 200 + 1500 + 4000 + 4000
Units sold = 9700
Wholesale Profit = Units * Wholesale price
Wholesale Profit = 9700 * $20
Wholesale Profit = $194,000
Similarly, We get total profit made from retail by getting the number of units sold
Number of units sold = 600 * 0.4 + 1000 * 0.5 + 1500 * 0.1
Units sold = 240 + 500 + 150
Units sold = 890
Retail Profit = Units * Retail price
Retail Profit = 890 * $30
Retail Profit = $26,700
Total Profit = Wholesale Profit + Retail Profit
Total Profit = $194,000 + $26,700
Total Profit = $220,700
