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Net margin as a percentage of sales

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Of Chester Corporation's products, which earned the lowest Net Margin as a percentage of its sales?
Select:
Cake
Cute
Cedar
Crimp

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Solution Summary

Calculations for net margin as a percentage of sales for 4 products.

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On page 23, the contribution margins and sales of each product is shown. Calculate the net margin as a percentage of sales using the ...

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  • MSc, California State Polytechnic University, Pomona
  • MBA, University of California, Riverside
  • BSc, California State Polytechnic University, Pomona
  • BSc, California State Polytechnic University, Pomona
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  • "Hello, thank you for your answer for my probability question. However, I think you interpreted the second and third question differently than was meant, as the assumption still stands that a person still independently ranks the n options first. The probability I am after is the probability that this independently determined ranking then is equal to one of the p fixed rankings. Similarly for the third question, where the x people choose their ranking independently, and then I want the probability that for x people this is equal to one particular ranking. I was wondering if you could help me with this. "
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