SOLUTION: Caractacus Pott invents a candy for which he is paid one shilling for every thousand candies sold. they expect to sell 5 million candies every year, and one shilling is equivalent
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Question 38256: Caractacus Pott invents a candy for which he is paid one shilling for every thousand candies sold. they expect to sell 5 million candies every year, and one shilling is equivalent to 14 U.S cents. how much will Caractacus make in one year in U.S dollars? Answer by junior403(76) (Show Source):
You can put this solution on YOUR website! Caractacus Pott invents a candy for which he is paid one shilling for every thousand candies sold. they expect to sell 5 million candies every year, and one shilling is equivalent to 14 U.S cents. how much will Caractacus make in one year in U.S dollars?
So...
In one year this guy expects to sell 5,000,000 candies in which he gets 1 shilling per 1,000.
So... will equal the total number of shillings he will earn, right? = 5000
1 shilling is worth $0.14.
So...
5000 x $0.14 = $700.00
So he will earn $700.00 in one year.
Thanks for the question.
Good Luck!
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