Anew cosmetic product costs 74 cents each to manufacture, and 67 cents each to market. if 40,000 will be sold, what must the price of each product be to provide a profit of 25% of the price?

$1.76 each.

Step-by-step explanation:

A new cosmetic product costs 74 cents each to manufacture.

and 67 cents each to market.

Total cost of the product = 74 + 67 = 141 cents

1 dollar = 100 cents

141 cents = = $1.41

If each product be provide a profit of 25% of the price.

The new price will be = $1.41 + (25% × 1.41)

                                   = 1.41 + 0.3525

                                   =  $1.7625 ≈ $1.76

The price of each product on 25% profit must be $1.76 each.

step-by-step explanation:

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