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Pool-Glow,Inc

question 23

Essay

Pool-Glow,Inc.has developed a new light for lighting swimming pools.After doing market research,it has determined that customers would be willing to pay $140 for this light.Pool-Glow seeks to earn 25% profit on the light.At present,Pool-Glow makes an old style light for $101.25,which sells for $130.
(1. )What must the target cost be in order to earn the 25% profit that the company demands?
(2. )If Pool-Glow can adjust its costs to the target cost,the company estimates that it can sell 50,000 lights.What would Pool-Glow's profit be at this point?
(3. )How many of the old style lights would have to be sold to reach the same profit?

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Definitions:

Moral Argument

A reasoning process that bases its conclusions on ethical principles, often discussing what is right or wrong behavior.

Prescriptive Premise

A statement of value contained within an argument's premise.

Ethical Subjectivism

The philosophical view that moral values and judgments are based on personal feelings or opinions rather than objective facts.

Moral Truth

A concept referring to the idea that there are universal ethical standards that apply across cultures and situations, guiding what is right and wrong.

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