document.write( "Question 1069285: A company makes a $5 profit on each non-faulty product it sells. Approximately 2% of the products manufactured are faulty, with no way to discover which ones are faulty before delivery. If replacement-and-repair costs for the faulty products are $100 each, what is the profit per item? \n" ); document.write( "
Algebra.Com's Answer #684480 by Boreal(15235) You can put this solution on YOUR website! Start with 100 products \n" ); document.write( "98 are good: $490 is made \n" ); document.write( "2 are not good: $200 is paid. \n" ); document.write( "$290 is made net for 102 products, because two more have to be replaced (assume they are not faulty) \n" ); document.write( "$2.84/product. \n" ); document.write( " |