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 Question from Kent: I have an item I sell for $\$19.95$and make a profit of$\$10.97$ for each sale. If I reduce the price to $\$14.97,$my profit is$\$5.99$ each sale. Is there a formula to determine how many more I would need to sell at $\$5.99$per sale to make the same net cash (profit) as selling at$\$10.97$ per sale?

Hi Kent,

$\frac{\$10.97}{\$5.99} = 1.83$ or $1.83 \times \$5.99 = \$10.97$ and hence you would need to sell $1.83$ times as many items at $\$14.97$to make the same profit as selling them at$\$19.97.$

Penny

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