A company makes a product and has no way to determine which ones are faulty until an unhappy customer returns it. Three percent of the products are faulty and will cost the company $200 each in customer service and repairs. If the company does not refund the customer when repairing the item, how much should the company charge to make a profit of $2.00 per item? $6.00 $6.19 $8.00 $8.25

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19 April, 15:55

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Marie Grimes · Answer 1

(x) - (0.03) (200) = 2.00

Let x be the company charge to make the profit

solving for x gives 8$