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sergejj [24]
3 years ago
9

An online buying club requires an annual fee of $170 in order to qualify for a 19 percent discount on purchases. What amount wou

ld a person have to buy in order to save enough to cover the cost of the membership?
Business
1 answer:
krek1111 [17]3 years ago
3 0

Answer : The amount needed to spend to save $170 is, $32.3

Explanation :

As we are given that an online buying club requires an annual fee of $170 and a 19% discount on purchases.

Now we have to determine the amount needed to spend to save $170.

As, for every $100 the discount will be = $19

So, for every $170 the discount will be = \frac{\$ 170}{\$ 100}\times \$ 19

                                                                 = $32.3

Thus, the amount needed to spend to save $170 is, $32.3

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Explanation:

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The answer to the question is the second option. Depreciation does not have anything to do with the market value. Other options are correct except for the second option which states that depreciation expense reflects the decrease in market value each year.

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