1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lukranit [14]
3 years ago
8

An infrared barbeque grill was originally listed at $769.99. the price was first discounted to$550.54, followed by a final disco

unt of $449.79. what was the single equivalent rate of discount at the
final price
Business
1 answer:
nikdorinn [45]3 years ago
6 0

Answer:

Single Equivalent Discount % on final price  = 41.58%

Explanation:

  • The grill was initially priced at $769.99 and was discounted to $550.54 which is 28.5% ((550.54/769.99)-1)*100
  • and then further discounted by 18.3% ((449.79/550.54)-1)*100 to $449.79.

but if we want to get the single discount rate for $449.79 (final price), we have to compare it with very first original price of $769.99 so the formula will be:

  • ((449.79/769.99)-1)*100 = 41.58% which shows the actual discount % versus the original price of the grill.  
You might be interested in
The basic organizing legal document for a home-rule city is called the
Alex777 [14]
The basic organizing legal document for a home rule city is called the CITY STATUE.
Home rule refers to the government of a city, colony or an independent country by its own citizens. A general law municipality usually become eligible for home rule when the population of the people living there is more than 5,000. The law which govern the activities of those in the home rule city is called statue.
4 0
3 years ago
33. This question refers to the videos we watched about the “Crisis of Credit.” 1. Before 2008, why did investment bankers think
Zigmanuir [339]

Before 2008, the investment bankers thought that buying home mortgages was a good and safe investment because it was a stable investment, which is less impacted by inflation.

The “subprime” mortgages were more riskier than “prime” mortgages because the lender were more likely to default the mortgage.

<h3>What was the event "Crisis of Credit" about?</h3>

The Crisis of Credit, also known as the financial crisis of 2008 or Global Financial Crisis referred to a severe worldwide economic crisis that occurred in the early 21st century. It was considered the most serious financial crisis since the Great Depression (1929).

In 2008, the financial crisis began with cheap credit and lax lending standards that fueled a housing bubble. When bubble burst, all banks were left holding trillions of dollars as worthless investments in subprime mortgages and the Great Recession that followed cost many their jobs, their savings and their homes.

Read more about Crisis of Credit

brainly.com/question/25017656

#SPJ1

3 0
1 year ago
According to the semistrong form of the efficient markets hypothesis, ____________.A. stock prices do not rapidly adjust to new
solmaris [256]

Answer:

The correct answer is option B.

Explanation:

According to the efficient market hypothesis, when the market is in semi-strong form the future changes in the stock prices cannot be predicted by the publicly available information.  

The stock prices quickly adjust to all the publicly available information. In this situation, an investor can earn above-average returns if he possesses private information which is not available to all.

3 0
4 years ago
A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is a:
Salsk061 [2.6K]

A group of sellers who agree to restrict their collective output in order to drive up prices above marginal costs is known as a:

  • <u>Cartel</u>

According to the given question, we are asked to show the term which can be best used to <em>describe </em>a group of sellers who make an agreement to <em>reduce their collective output</em> so that price of goods would increase above their marginal costs.

As a result of this, we can see that this group of people in the business world are known as cartel because they behave unethically so that they could have increased profit on sales.

Read more here:

brainly.com/question/15294015

3 0
3 years ago
TRUE or FALSE??? HELP!!
Fantom [35]
True , True , True , True , True
5 0
3 years ago
Read 2 more answers
Other questions:
  • Refer to Scenario 19.2. BASF has decided to offer discounts to its businesses customers in the form of the following: For each o
    15·1 answer
  • Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 per year, w
    8·1 answer
  • A company uses the allowance method to account for uncollectible accounts receivables. When the firm writes off a specific custo
    12·1 answer
  • At January 1, 2020, Culver Inc. had accounts receivable of $69,000. At December 31, 2020, accounts receivable is $54,000. Sales
    14·1 answer
  • MicroTech Corporation maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budg
    13·1 answer
  • The matching concept states that expenses incurred to produce particular revenues should be matched with those revenues.
    14·1 answer
  • The transactions of Spade Company appear below. Kacy Spade, owner, invested $12,500 cash in the company in exchange for common s
    6·1 answer
  • A principal purpose of the Securities Exchange Act of 1934 is generally considered to be:
    13·2 answers
  • Which of the following can impact your credit score
    7·1 answer
  • _______________________ are numerically small, but well organized groups that are able to exert a disproportionate effect on pol
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!