Suppose that 130 million people saw a particular 30-second commercial for a soft drink during a recent Super Bowl, and that the cost to produce and air the commercial was approximately $2.7 million.
a. If the soft drink manufacturer makes a profit of $0.11 (or 11 cents) on each can sold, what percent of the people watching the commercial would have to buy one can of the soft drink for the company to recover the cost of the commercial? (round your answer to the nearest tenth.)
b. If the soft drink manufacturer makes a profit of $1.18 on each 12-pack sold, what percent of the people watching the commercial would have to purchase one 12-pack of the soft drink for the company to recover the cost of the commercial?
c. If 12% of the people watching the commercial purchase a single can, and an additional 0.6% of the people watching the commercial purchase a 12-pack, will the company recover the cost of the commercial?
I think that I've figured out a & b
a) 25 million
b) 2 million
a. If the soft drink manufacturer makes a profit of $0.11 (or 11 cents) on each can sold, what percent of the people watching the commercial would have to buy one can of the soft drink for the company to recover the cost of the commercial? (round your answer to the nearest tenth.)
b. If the soft drink manufacturer makes a profit of $1.18 on each 12-pack sold, what percent of the people watching the commercial would have to purchase one 12-pack of the soft drink for the company to recover the cost of the commercial?
c. If 12% of the people watching the commercial purchase a single can, and an additional 0.6% of the people watching the commercial purchase a 12-pack, will the company recover the cost of the commercial?
I think that I've figured out a & b
a) 25 million
b) 2 million