If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales, what would be the improvement in profit if, through better planning and control, the cost of manufact

The improvement in profit would be 100%.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

If the cost of manufacturing (direct material and direct labor) is 60% of sales and profit is 10% of sales, what would be the improvement in profit if, through better planning and control, the cost of manufacturing was reduced from 60% of sales to 50% of sales.

The explanation of the answer is now given as follows:

Given:

Previous cost of manufacturing = 60% of sales

Previous profit = 10% of sales

Current cost of manufacturing = 50% of sales

Therefore, we have:

Previous revenue = Previous cost of manufacturing + Previous profit = 60% + 10% = 70%

Current profit = Previous revenue - Current cost of manufacturing = 70% - 50% = 20%

Improvement in profit = ((Current profit - Previous profit) / Previous profit) * 100 = ((20% - 10%) / 10%) * 100 = (10% / 10%) * 100 = 1 * 100 = 100%

Therefore, the improvement in profit would be 100%.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

there's 11 people for the 1st position. then, no matter who gets it, there's only 10 left for the second, and then 9 left for the third. 11 x 10 x 9 = 990.   the answer is there are 990 different ways the positions can be filled by these applicants