Question

if a new production method allows labour cost to be reduce to $3.45 per unit while increasing the maximum production to 250 units per month, what percentage increase in profit would the company see from that product

Answer 1

Answer on Question #48570 – Math – Algebra

if a new production method allows labour cost to be reduced to $3.45 per unit while increasing the maximum production to 250 units per month, what percentage increase in profit would the company see from that product.

Solution.

If $c$ is the labor costs before reducing, the percentage increase in profit would be $p = \frac{250(c - 3.45)}{250c} * 100\% = 100\% - \frac{3.45}{c} * 100\%$.

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