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10 January, 20:48

A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percent, and assuming that the company's product sold for $1,000 per unit, how many additional units must the company sell to compensate for the fraud losses?

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  1. 10 January, 21:17
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    100,000

    Explanation:

    Given that

    Approximately frauds = $10 million

    Profit margin = 10%

    And the sale value of the product per unit = $1,000

    So by considering the above information, the additional units is

    = Approximately frauds * Profit margin

    = $10 million * 10%

    = 100,000

    So by multiplying the approximate frauds with the profit margin we can get the additional units
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