Answer:
12% loss
Step-by-step explanation:
The selling price is the sum of the cost price and the markup. Here, the markup (profit) is expressed as a percentage of the cost price.
<h3>Cost price</h3>
The relation between selling price and cost price is ...
selling price = cost price + cost price × markup fraction
selling price = cost price × (1 + markup fraction)
Then the original cost price is ...
cost price = (selling price) / (1 + markup fraction)
cost price = #1.35 / (1 +8%) = #1.25
<h3>Profit</h3>
After the change in selling price, we can find the markup fraction (profit rate) to be ...
1 + markup fraction = (selling price)/(cost price)
markup fraction = (selling price)/(cost price) -1
markup fraction = #1.10/1.25 -1 = 0.88 -1 = -0.12
The trader has a 12% loss when selling the oranges at #1.10.
Answer:
6.2%
Step-by-step explanation:
Credit rating is an evaluation of the credit risk of a borrower, that how often a person is going to repay their debt, by credit rating it predicts the ability of the debtor to payback.
Mike has credit rating = 720
Tyler has credit rating = 560
Both are approved for loan. Mike's Credit score is higher, which means he is a much safer debtor as compared to Tyler. Mike will be able to pay back much easily than Tyler. Therefore Mike interest rate is 3.2%
Interest rate of Tyler is higher as he is not that trusted and has low Credit rating. Tyler is approved for a loan that charged 3 percentage points higher because of his inferior credit rating so it interest on the loan will be
Interest = 3.2%+3% = 6.2%
100% - 22% = 78% = 0.78
6% = 0.06
final cost = 1.06(0.78y)
Answer: Additional interest of $521.82 with a simple interest loan to sister generate.
Step-by-step explanation:
Since we have given that
Principal = $28000
Rate of interest at simple interest = 8%
Number of year = 1
so, Interest becomes,
Rate of interest compounded quarterly = 6%
Amount becomes,
So, Interest would be
Hence, Additional interest is given by
Hence, Additional interest of $521.82 with a simple interest loan to sister generate.