Question: A medium - sized company sells 1 , 0 0 0 , 0 0 0 products annually at $ 2 0 per unit. Each unit

A medium-sized company sells 1,000,000 products annually at $20 per unit. Each unit costs $18 to produce and transport. By what percentage will net profit increase if an Operations Management Superhero can decrease the cost per unit by just 3%?
Net profit will increase by 27% if cost per unit can decrease by just 3%.
b) Demand for product is normally distributed with mean 8000 and standard deviation 1400. You currently have 10000 units in inventory. Estimate the probability that demand exceeds what you are able to supply.

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