Hi, can someone please help to explain the step-by-step instructions (in detail) in the most simplest way and clear to understand.
1-
A pharmaceutical company received $3 million in royalties on the first $30 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to next $108 million in sales ?
2-
A toy regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sales, what would be the lowest possible price of a toy costing $16 before any discount?
1-
A pharmaceutical company received $3 million in royalties on the first $30 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to next $108 million in sales ?
2-
A toy regularly sells all stock at a discount of 20 percent to 40 percent. If an additional 25 percent were deducted from the discount price during a special sales, what would be the lowest possible price of a toy costing $16 before any discount?
