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What is the profit or loss? A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer
What is the profit or loss?
A company makes electronic gadgets. 2% are faulty, the company doesn't know which ones are faulty until a buyer complains. Suppose the company makes a $140 profit on each sale, but suffers a loss of $9 for every faulty gadget because they have to repair the unit. What is the profit(or loss) the company can expect to make from selling 100 units Step by Step Solution
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