Question: Current Attempt in Progress Mark is thinking about purchasing a soft drink machine and placing it in a business office. He knows that there is
Current Attempt in Progress
Mark is thinking about purchasing a soft drink machine and placing it in a business office. He knows that there
is a percent probability that someone who walks by the machine will make a purchase from the machine,
and he knows that the profit on each soft drink sold is $ If Mark expects people per day to pass. by
the machine and requires a complete return of his investment in one year, then what is the maximum price
that he should be willing to pay for the soft drink machine? Assume working days in a year, and ignore
taxes and the time value of money.
Maximum price
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