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There are 2 different catalogs sent to customers. One of the catalogs costs 50 cents to make and is 50 pages long. The conversion rate
There are 2 different catalogs sent to customers. One of the catalogs costs 50 cents to make and is 50 pages long. The conversion rate for the catalog is 5% and each customer brings in 315 dollars. The second catalog costs 95 cents to make, is 100 pages long and each customer brings in 300 dollars from it. The profit margin is 30%. What should the conversion rate for the second catalog be to make at least the same amount of profit as the first one.
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