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| Topic: |
Book Reports
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| Number of pages / Number of words: |
13 / 3480 |
Essay's paper body
The gross sales can be obtained by looking at the total sales of each state per day from table 1.1.
From answers in part B, John is suggested to spend 3 days in Victoria, 2 days in NSW and one day in Queensland.
Thus, the gross sales, total commission and total revenue is:
Victoria 3 Days $19,000
New South Wales 2 Days $10,600
Queensland 1 Day $5,200
Total Revenue $34,800
Total Commission income 6...
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Operating experience during the past year suggests the following demand function of Sharpex Pty Ltd.:
Q = 4,000 - 4,000P + 10,000N + 0.25I + 0.4A
A.
(i). Quantity expressed as a function of price
Q = 4,000 - 4,000P + 10,000N + 0.25I + 0.4A
Q = 4,000 - 4,000P + 10,000*(18.5) + 0.25*(44,000) + 0.4*(500,000)
Q = 4,000 - 4,000P + 185,000 + 11,000 + 200,000
Q = 400,000 - 4,000P
(ii) Price expressed as the function of quantity
Q = 400,000 - 4,000P
4000P = 400,000 - Q
P = $100 - 0...
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General points of the essay
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