SOLUTION: Brown makes a 10% profit on a $200 sale, Jones makes a 5% on $200 sale, and Smith makes a 15% on a $400 sale. What is the average value of profits made by brown, smith, and jones
Question 433020: Brown makes a 10% profit on a $200 sale, Jones makes a 5% on $200 sale, and Smith makes a 15% on a $400 sale. What is the average value of profits made by brown, smith, and jones?
Hi
Brown makes a 10% profit on a $200 sale,
Jones makes a 5% on $200 sale,
and Smith makes a 15% on a $400 sale
What is the 'average' value of profits made by brown, smith, and jones?
(.10*$200 + .05*$200 ++ .15*$400)/3 = ($20+$10+$60)/3 = $30