SOLUTION: Suppose 6 million people watch a 30-second commercial for a new cellular phone during a broadcast of a TV show. The cost of that commercial was approximately $300,000. If the cellu
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Question 898217: Suppose 6 million people watch a 30-second commercial for a new cellular phone during a broadcast of a TV show. The cost of that commercial was approximately $300,000. If the cellular phone manufacturer makes a profit of $10 on every phone sold, what percent of the people watching the commercial would have to buy one phone for the company to recover the cost of the commercial?
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
6 million people watch the 30 second commercial
the cost of the commercial was about $300,000.
the cellular phone manufacturer makes a profit of $10.00 on every phone sold.
$300,000 / $10.00 = 30,000 cell phones that would have to be sold.
30,000 / 6,000,000 is equal to .005 which is equal to 0.5%.
0.5% of 6,000,000 = 30,000 * $10.00 = $300,000
They will recover the cost of the commercial if one half of one percent of the 6,000,000 viewers buy a cell phone from them because of the commercial.
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