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Barbie dolls

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Barbie does not seem to be as popular as she once was.... What kind of competition is she facing? Does she have problems with her brand image? If so, how can that be fixed?

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https://brainmass.com/business/product-management/barbie-dolls-120797

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Barbie has rule the Doll industry for nearly 50 years. However, Barbie's market share and monopoly like situation in this industry is taking a bashing due to extreme competition from new entrants, such as the "Bratz" doll.

In 2001 MGA Entertainment, a small toy company in California, unveiled this new brand which has posed serious threats to Barbie. In the six years since then 125 million Bratz have sold worldwide, and it has become the top fashion doll in Britain. Global sales of Bratz products reached £1 billion in 2005; sales of Barbie remained higher, at £1.5 billion, but they declined by 12.8 per cent. According to Sean McGowan, an industry analyst, Bratz has now ...

Solution Summary

Barbie has rule the Doll industry for nearly 50 years. However, Barbie's market share and monopoly like situation in this industry is taking a bashing due to extreme competition from new entrants, such as the "Bratz" doll.

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Word problems

1. Gennie has a large collection of Barbie dolls, worth a total of $55,000. Within the collection, she has three groups of dolls: Model Collection dolls, International Beauty dolls, and Princess dolls. She determines that the total worth of the Model Collection dolls is $5000 more than the total worth of the International Beauty dolls. The Princess dolls are worth $200 less than the worth of the Model Collection dolls and International Beauty dolls together. How much is each group of dolls worth?

Let m = worth of the Model collection dolls
Let n = worth of International Beauty dolls
Let p = worth of Princess dolls

2. A chemist is mixing a solution containing 20% bromine with a second solution containing 35% bromine. He wishes to prepare 200 oz. of a solution containing 23% bromine. How much of each of the solutions should he use? [Round to the nearest tenth of an ounce.]

Let x represent the amount of solution 1 (20%)
Let y represent the amount of solution 2 (35%)

Please explain each step in both problems.

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