Solving Mathematical Word Problems Involving Sales (Math Problem Sample)
Section II: Subjective questions (Total Marks 70)
* Application Questions: Answer all questions.
1 The Konrath Company, a wholesaler in the Midwest, is considering extending credit to the Hawk Company, a retail chain operation that has a number of stores in the Midwest. The Konrath Company has had a gross margin of approximately 60% in recent years and expects to have a similar gross margin on the Hawk Company order, which is estimated at $2million per year. The Hawk Company’s order approximately 15% of the Konrath Company’s present sales. Recent statements of the Hawk Company are Given below.
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