The total cost of shipping a package with the cost of $15 exclusive if 5% insurance is 15.75 dollars. This is calculate by getting first the 5% of 15 dollars, 15 dollars multiplied by 5%, equal to 0.75 dollars. Then it will be added to the shipping cost of 15, which is equal to 15.75 dollars.
Rule of 72 says to divide 72 by the rate of return and that will be the number of years an investment will double
so 72 / 9.6 = 7.5 years to double
7.5 * 2 = 15 years
18-3 = 15
the answer is: <span>Yes, the $15,000 will double each 7.5 years. In 15 years, it will double twice.</span>
Part A:
Given that <span>the mattress is sold for 50% off of the retail price, let the retail price of the mattress be x, then
50% of x = 1200
⇒ 0.5x = 1200
⇒ x = 1200 / 0.5 = 2400
Therefore, </span><span>the retail price of the mattress, before the discount is $2,400.
Part B:
Given that </span><span>the store marks up the retail price to 150% of the wholesale price. Let the whole sale price be p, then
(100% + 150%) of p = 2400
250% of p = 2400
2.5p = 2400
p = 2400 / 2.5 = 960.
Therefore, </span><span>the wholesale price, before the markup was $960</span>
