Question

A new cosmetic product costs 74 cents each to manufacture, and 67 cents each to market. If 40,000 will be sold, what must the price of each product be to provide a profit of 25% of the price?

Answer 1

`74 + 67 \\ 141 * 40000 \\ 5640000 \\ 25 \sqrt{5640000`
=225600 answer

Answer 2

$1.76 each.

Explanation:

A new cosmetic product costs 74 cents each to manufacture.

and 67 cents each to market.

Total cost of the product = 74 + 67 = 141 cents

1 dollar = 100 cents

141 cents =
`(141)/(100)` = $1.41

If each product be provide a profit of 25% of the price.

The new price will be = $1.41 + (25% × 1.41)

= 1.41 + 0.3525

= $1.7625 ≈ $1.76

The price of each product on 25% profit must be $1.76 each.