maleahe
02.09.2020 •
Mathematics
Korey is planning to open a comic book store. His store will cost $12,500 to open and will come with a $8,000 total annual operational cost. If his store makes $12,000 in profit during the first year, and profits increase by 6% each year from then, how long will it take for Korey to see an overall profit in his business (where total profits exceed total expenses)? a. Korey will see an overall profit in his first year of business. b. Korey will see an overall profit in his second year of business. c. Korey will see an overall profit in his third year of business. d. Korey will see an overall profit in his fourth year of business.
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Ответ:
c. Korey will see an overall profit in his third year of business
Step-by-step explanation:
His cost for first year
= 12500+8000
=$ 20500
Profit first year= $12000
Net Profit first year= -$8500
Second year cost= $8000
Profit second year
= 12000+12000(0.06)
= 12000+720
=$ 12720
Net profit second year = -8500+12720-8000
= -3780
Third year
Cost = $8000
Profit= 12720+12720(0.06)
Profit=$13483.2
Net profit= 13483.2-8000-3780
Net profit= $1703.2
Ответ: