Question
1. Mammoth Mart Inc. operates over 11,000 stores world-wide selling clothes, groceries, sporting goods, and general household goods. The company generated $447 of sales per
1. Mammoth Mart Inc. operates over 11,000 stores world-wide selling clothes, groceries, sporting goods, and general household goods. The company generated $447 of sales per square foot last year with total revenues of $476 billion. What is the average size of a Mammoth Mart store? (Answer in number of square feet. i.e., a two-by-two square has an area of four square feet.)
2. Onlywhiteshirts Inc. sells one product: white shirts. It had revenues of $50 million last year. This year it expects to sell 2%
more shirts and it plans to raise the price of its shirts by 2%. At what rate will sales rise this year, compared to last year? (Express your answer in percentage form rounded to two decimal places.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started