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You are selling tennis rackets online for a profit of $ 4 0 each. Suppose you know that 5 % of people who click on

You are selling tennis rackets online for a profit of $

40

each. Suppose you know that

5 %

of people who click on the link to your website actually buy a tennis racket

(

5 %

conversion rate

) .

What is the maximum amount you should pay per click to advertise online?

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