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There are 2 different catalogs sent to customers. One of the catalogs costs 50 cents to...

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Basic Math

There are 2 different catalogs sent to customers. One of thecatalogs costs 50 cents to make and is 50 pages long. Theconversion rate for the catalog is 5% and each customer brings in315 dollars. The second catalog costs 95 cents to make, is 100pages long and each customer brings in 300 dollars from it. Theprofit margin is 30%. What should the conversion rate for thesecond catalog be to make at least the same amount of profit as thefirst one.

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We can assume without any loss of generality that 100 catalogs of both the 1st and the 2nd type are made In case of the 1st catalog the cost is 100 050 50 The conversion rate    See Answer
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