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With 62 cents, you could purchase a single postage stamp in the United States, which typically costs around 55 cents. Alternatively, you could buy a small piece of candy or gum from a vending machine. In some areas, you may also be able to purchase a single banana or apple at a discounted price.
Oh, dude, let's break this down. So, if the retailer sells it for 37950 rupees, that's like the final price after all those markups. To find the production cost, we gotta work backwards. We just need to do some math to figure out the original cost before all those markups. Like, it's just some basic reverse engineering, no big deal.
He invented the shoe-lasting machine. Many believed that the last step in shoe making, the stretching the shoe upper leather over a last (a form or block is the shape of a foot) and the sewing together of the shoe upper to the sole called the lasting, could not be done by machine. However, that's just what the lasting machine did. It decreased the price of shoes by a half and increased the production of shoes form 50 or less shoes per day to 150 -700 shoes per day. As for shoemakers, the invention brought them twice the pay they got before the machine. He also invented the tack separating and distributing mechanism, nailing machine, and another lasting machine.
A postage scale weighs your parcels and letters to give you an accurate reading of how much the postage will cost. If the price of postage goes up, you simply need to adjust your franking machine accordingly.
marked price/original price =15,737.5