Q: Suppose that the demand for regular apartments turns out to be DR = 94. How much profit, in $ millions, will the company earn from the sales of regular apartments, including the sales at the $500,000 profit margin as well as the sales at the $100,000 profit margin? Note that you should not count the profit from the sales of luxury apartments. Choose the closest from the answers below.
or
Q: Assume that DR = 94 is the actual demand for standard units. How much money, expressed in millions, will the business make by selling standard flats, including those with a $500,000 profit margin and those with a $100,000 profit margin? Keep in mind that the profit from the sale of luxury residences should not be included. From the following responses, select the one that is closest.
- 48
- 47
- 48.2
- 47.2
- 51.6
Explanation: Since there is no specific breakdown of how many apartments were sold at each profit margin, we can only solve this if we have additional information such as how many apartments fall under each profit margin category.
