Question

The average daily profit of an electronics store is $28,465. The company estimates that 13% is lost each day to returns, with a margin of error of ±2%. What is the maximum the company can expect for returned items?

Answer 1

Answer: $4269.75

Step-by-step explanation:

To find the maximum the company should expect, add 2% (0.02) to 13% (0.13) and then multiply that by 28,465.

0.13 + 0.02 = 0.15 = 15%

0.15 * 28,465 = 4269.75

The answer is $4269.75.

I also got it right on the test so I know the answer :)

Answer 2

Answer: $4269.75

Explanation:

So the Question asks for the ""The average daily profit of an electronics store is $28,465. The company estimates that 13%"" is lost each day to returns, with a margin of error of ±2%.

The average daily profit can be calculated by finding 13% of 28,456.

What is the maximum the company can expect for returned items? So Adding the maximum (2%) we find 15% of 28,456 which is -

|$4269.75|