Tutorial Questions
Tutorial Questions
18. A recent article reported that companies in a certain industry were averaging an operating
profit of $23,000 per 10 full-time employees. A marketing manager wants to estimate the
operating profitability for one of her company's competitors, which employs 87 full-time
workers. What is the estimated operating profit for that competitor?
19. A person bought a T.V set at cost of 1,500,000 and sold it at a profit of 25%. Find the profit
and selling price of T.V
20. A German tourist arrived in Tanzania with Euros 2500. He changed all his Euros to
Tanzanian shilings paying a bank charge of 1%. He spent TShs 3,250,000 during his stay
in Tanzania. And changed the remaining cash to Euro again how many Euros did he
receive? (buying: 1Euro = TShs 3500 and Selling: 1Euro = TShs 3600)