A firm produces headphones in two qualities, Basic (B) and Premium (P). For the coming year, the estimated quantity produced of B is 60% higher than that of P. The firm makes a markup of 170% on both products. The ratio between the profits per unit between P and B is 2. The cost price for P is $260. If the profit target is $115 362 over the next year, how much of each of the two qualities must be produced and what are the two selling prices?
A firm produces headphones in two qualities, Basic (B) and Premium (P). For the coming year, the estimated quantity produced of B is 60% higher than that of P. The firm makes a markup of 170% on both products. The ratio between the profits per unit between P and B is 2. The cost price for P is $260. If the profit target is $115 362 over the next year, how much of each of the two qualities must be produced and what are the two selling prices?
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A firm produces headphones in two qualities, Basic (B) and Premium (P). For the coming year, the estimated quantity produced of B is 60% higher than that of P. The firm makes a markup of 170% on both products. The ratio between the profits per unit between P and B is 2. The cost price for P is $260. If the profit target is $115 362 over the next year, how much of each of the two qualities must be produced and what are the two selling prices?
(Round the quantities to the nearest unit and the prices to 2 digits after the decimal point if needed)
Quantity of B = Answer units
Quantity of P = Answer units
Selling price of B = Answer $
Selling price of P = Answer $
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