The Rent-to-Own Company estimates that 35% of its rentals result in the sale of the product, with
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The Rent-to-Own Company estimates that 35% of its rentals result in the sale of the product, with an average revenue of 100% of revenue R, 56% of the rentals are returned in good condition, with an average revenue of 35% of R on these rentals, and the remainder of the rentals are stolen or returned in poor condition, with a loss of 15% of R on these rentals. If these estimates are accurate, what is the expected percent of revenue for this company?
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Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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