A company makes a product and has no way to determine which ones are faulty until an unhappy customer returns it. Three percent

Question

2 years ago

11

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

Mathematics