Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Louis is designing large beaded-wire earrings to sell online. He records the total costs and his research in the following table. Cost of Supplies $0.80

Louis is designing large beaded-wire earrings to sell online. He records the total costs and his research in the following table.
Cost of Supplies $0.80
Hours of Labor 1.25
Seller's Fees 8.5%
Shipping Costs $1.90
Price of Similar Items $35
If he sells the earrings for $35, how much can he expect in hourly profit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Investments

Authors: Charles J. Corrado

3rd Edition

0072829192, 978-0072829198

More Books

Students also viewed these Finance questions