The stock market in 2008 has gone through drastic changes. On December 3rd, 2008 the Dow Jones Industrial Average (DJIA) closed
1 answer:
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Answer:
The new cost of tickets after decrease of price at 23 % rate is $ 4.62
Step-by-step explanation:
Given as :
The initial cost of the selling tickets = $ 6
Let The final cost of selling tickets = $ x
The rate of decrease of ticket price = 23 %
Now,
The final cost of tickets = initial cost of tickets × ( 1 - )
or, $ x = $ 6 × ( 1 - )
or, x = $ 6 ×
∴ x = $ 4.62
So decrease price = x = $ 4.62
Hence The new cost of tickets after decrease of price at 23 % rate is $ 4.62 Answer