John Is Playing A Video Game Where He Needs To Catch A Ball

Question

John is playing a video game in which he needs to catch balls. John is playing a video game in which he needs to catch balls. He earns 20 points for each of the first 25 balls that he catches and 112 times the regular score for every additional ball that he catches. How many points does he earn for catching 30 balls? The XYZ Company has developed a new blow dryer. It says that the blow dryer uses state-of-the-art cool-wind technology to eliminate split ends and still dry your hair as fast as a traditional blow dryer. The company is pricing the product at $99 and expects to sell 8 million units in the first year after release. The estimated market size for the product is 64 million people. The item will be sold to retail wholesalers for $50 each. Any amount that the customer would not pay from the $99 price tag would have to come off of the wholesale price. The company considers the product to be financially viable and worth the risk if it generates an estimated minimum profit margin of 20%. You should answer the following questions: Will the $99 price tag allow the company to sell the 8 million blow dryers that it wants to sell? Will the price be high enough to allow for the company to make a 20% profit on the product? Discussion 3: Be constructive and professional with Andrew and Charles' post, advancing the conversation with questions and examples.

Dr. Jack HW Helper · Accepted Answer

To find out how many points John earns for catching 30 balls, we first need to calculate the points for the balls he catches. For the first 25 balls, John earns 20 points each: Points from first 25 balls: 25 balls x 20 points/ball = 500 points Now, for the additional balls, since John catches 30 balls in total, we need to calculate the points from the additional 5 balls (30 - 25 = 5). For each additional ball, he earns 112 times the regular score, which is: Points for additional balls: 5 balls x (112 x 20 points/ball) = 5 x 2240 points = 11200 points Adding up the points from both sets of balls: Total Points: Total points = Points from first 25 balls + Points for additional balls Total points = 500 points + 11200 points = 11700 points Thus, John earns a total of 11,700 points for catching 30 balls. Now, let's analyze the pricing and profit potential for the XYZ Company regarding the new blow dryer. The price for the blow dryer is set at $99, and the wholesaler price is $50. The company aims to sell 8 million units. The first thing we need to consider is whether the price is high enough to reach the desired sales target. The demand can be estimated based on the consumer price in relation to the market size. With an estimated market size of 64 million people and projecting to sell 8 million units at $99 each, we can analyze the sales volume in contrast to the market size. Assuming an even distribution of customer preferences, a bid of $99 represents approximately a 12.5% penetration of the market for the first year (8 million/64 million). As for the company’s profitability, we can calculate the production costs and see if selling at $50 wholesale allows for a 20% profit margin. The sales price of $99 gives them a profit of: Profit per unit: Selling price - Wholesaler price = $99 - $50 = $49 To find out if this $49 profit margin meets the 20% requirement, we calculate: Required profit margin: 0.20 * $99 = $19.80 Since $49 is greater than $19.80, the price is indeed hig

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John is playing a video game in which he needs to catch balls.

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John is playing a video game in which he needs to catch balls.

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