Thanks very much! There are two more questions I think I understand a bit better after the last few. Number 5 asks:
"Suppose the entrepreneurs are successful in their business and are restoring and selling 25 cartridges each day of the 260 days they are open. What will be their hourly wage for the year if all the profit is shared equally?"
I answered with this :
p(n) = 17(6500) - 13,500
p(n) = 110,500 - 13,500
p(n) = 97,000 income
97,000 divided equally divided among the two business partners is 48,500. That divided by 260 work days is 186.53. And finally that divided by 10 hours a day is a wage of 18.65.
Is this a reasonable answer?
"Suppose the entrepreneurs are successful in their business and are restoring and selling 25 cartridges each day of the 260 days they are open. What will be their hourly wage for the year if all the profit is shared equally?"
I answered with this :
p(n) = 17(6500) - 13,500
p(n) = 110,500 - 13,500
p(n) = 97,000 income
97,000 divided equally divided among the two business partners is 48,500. That divided by 260 work days is 186.53. And finally that divided by 10 hours a day is a wage of 18.65.
Is this a reasonable answer?