SOLUTION: A company that is selling computer tablets has determined that it regularly makes a net profit of $180 for each computer tablet they sell. The company decides to start a rebate pro

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Question 1159060: A company that is selling computer tablets has determined that it regularly makes a net profit of $180 for each computer tablet they sell. The company decides to start a rebate program in which they will give a $30 rebate VISA gift card for anyone that fills out the rebate forms. The actuary at the company predicts that only 18% of the people that purchase their tablets will successfully fill out the paper work and use the $30 rebate. What should the company expect their net profit per tablet sold to drop to after the rebate program? (The company will still earn $180 net profit for most customers)
Answer by CubeyThePenguin(3113) About Me  (Show Source):
You can put this solution on YOUR website!
net profit = ($150 * 18 + $180 * 82)/100 = $174.60