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Pok runs a toy store and is trying to assess the profitability of carrying certain products. Using his sales data, he has calculated out how
Pok runs a toy store and is trying to assess the profitability of carrying certain products. Using his sales data, he has calculated out how much a customer will spend annually for each type of toy, and the costs for making those sales (see table below). After accounting for the profitability of each type of toy, what percentage of total sales is represented by Branded Toys?
Educational Toys Branded Toys Baby/Infant Toys Average Spend $400.00 $300.00 $275.00 Avg. Returns & Warranties -$75.00 -$10.00 $5.00 Sales Costs -$40.00 $10.00 $5.00Step by Step Solution
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