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Facing major budget deficits, a national nonprofit plan to upscale its sales of educational materials to physicians and nurses. They use their cash reserves, currently
Facing major budget deficits, a national nonprofit plan to upscale its sales of educational materials to physicians and nurses. They use their cash reserves, currently sitting in a bank account earning 3.5% interest, to pre-buy materials to sell. Historically, theyve sold the packages for $100, which yields a profit of $3 per package. They dont plan to change the price in the future, but plan to sell more with the same profit margin. Is this a good idea? Explain using math
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