Posted: 1/14/2010 10:57:04 AM EDT
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Ok, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten.
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Quoted: Do your own homeworkOk, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten. Posted Via AR15.Com Mobile |
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Ok, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten. Posted Via AR15.Com Mobile Don't sell two for $10 to maximize your own income. If you have 50 bags and make 25 sales, that is $100 in your pocket. If you make 50 sales, that is $150 in your pocket. If you don't keep track of the sales, the boss that fronts the money to buy the bags will hose you. |
If you know how many bags you have and are keeping track of the single bag sales, you should be able to keep track of everything then.
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Ok, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten. Posted Via AR15.Com Mobile Don't sell two for $10 to maximize your own income. If you have 50 bags and make 25 sales, that is $100 in your pocket. If you make 50 sales, that is $150 in your pocket. If you don't keep track of the sales, the boss that fronts the money to buy the bags will hose you. That's assuming he sells all of his bags in the same amount of time regardless of price. The point of the 2/$10 is to encourage people to buy more bags. To answer the OPs question: how much money did you collect form customers and how many bags did you sell? |
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Quoted: I can't remember enough of microeconomics to do this problem, but it can be done. There is a point where profit is maximized between selling one and selling two at a time. If he sold only at the higher price, there would be less demand. Make sense? Maybe someone with more economics under their belt can answer the question. I think this is a system of equations, but I'd probably fuck up the set up. Quoted: Ok, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten. Posted Via AR15.Com Mobile Don't sell two for $10 to maximize your own income. If you have 50 bags and make 25 sales, that is $100 in your pocket. If you make 50 sales, that is $150 in your pocket. If you don't keep track of the sales, the boss that fronts the money to buy the bags will hose you. |
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Well I don't get it because if you know the total number of bags sold, then 3 times that number of bags is what your boss gets. The rest of them money is yours. If you want to know how much you sold at 2 for $10 simply subtract the leftover money from your boss's cut and that will tell you the bags sold at 2 for $10. Example sold 50 bags and have $280 , 50 X$3 is boss's cut. $280-150=$130 which is yours. To get bags at 2 for $10 you take boss's share minus your share 150-130 =20 which means you sold 20 bags at 2 for $10. In simplest terms if you take the number of bags sold times $3 that gives you your maximum profit. Subtract your actual profit from maximum and that tells you bags at $2 profit. |
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I can't remember enough of microeconomics to do this problem, but it can be done. There is a point where profit is maximized between selling one and selling two at a time. If he sold only at the higher price, there would be less demand. Make sense? Maybe someone with more economics under their belt can answer the question. I think this is a system of equations, but I'd probably fuck up the set up.
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Ok, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten. Posted Via AR15.Com Mobile Don't sell two for $10 to maximize your own income. If you have 50 bags and make 25 sales, that is $100 in your pocket. If you make 50 sales, that is $150 in your pocket. If you don't keep track of the sales, the boss that fronts the money to buy the bags will hose you. Demand is not part of this problem, at least not explicitly. There are two extremes, make $100 or $150. No combination can increase the maximum take, and he can't make less than $100. If the sales become a function of time, then the maximum can be found by differentiating the function. But that's not part of this problem, all he can do is track the sales to make sure he gets his cut. |
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You need to know either how many you sold of 1, or 2 at a time... (4x)+(3y) = Your profit x+y=50 bags x = 2 for 10 sales y = 1 sold If you knew x you could figure out y, if you knew y you could figure out x... and (4x)+(3y) = 4x + 3(50-x) = x + 150 = your profit = 4(50-y) + 3y = 200 - y |
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.. If you don't keep track of the sales, the boss that fronts the money to buy the bags will hose you. Read this again and commit it to memory. You need to track ALL your sales so you'll KNOW what you should make. BTW what kind of snacks go for $6/bag? or is 'snack' a code word for some kind of recreational drug? |
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Do your own homework
Ok, say I sell snack foods at 6.00 a bag or 2 for 10.00, if I don't keep track of the ones I sell for 2 for 10.00, if I get 3.00 a bag when I sell one bag and 4.00 when I sell two, my boss gets 3.00 per bag. what's the formula for figuring out how much I make on say 50 bags? If I don't keep track of how many sold 2 for ten. Posted Via AR15.Com Mobile It's obviously not homework because that formula is impossible with the given information. |
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You only need to know the total number sold and the total take. You're paying $3/bag regardless of what you sold them for. Multiply the total number of bags sold by $3; that's your cost. Subtract that number from the total take, and you have your profit. Divide that number by the number of bags sold, and you have your unit profit. This number will vary depending on how many 2/$10 deals you made. With a spreadsheet, you can easily back out the number of individual sales and combo sales. It's not rocket surgery. |