Math Problem Statement

A manufacturing facility produces automotive components and expects a profit of 12% on each part produced. They have a more serious injury that results in a direct cost of $7,200. The cost of each component sold is $14.75. Calculate the number of parts that are needed to cover this cost of loss.

Solution

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Math Problem Analysis

Mathematical Concepts

Profit Margin
Division

Formulas

Profit per part calculation
Division for total parts

Theorems

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Suitable Grade Level

General Audience