What was the major sign that lead Professor Shiller to predict the crash of the housing market
1 answer:
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Answer:
The program in Java is as follows:
public class Main{
public static void main(String[] args) {
double discount_percent = 0.15;
double discount_amount = 600;
double profit = 0.20;
double marked_price = discount_amount/discount_percent;
double cost_price = marked_price/(1 + profit);
System.out.println("Marked Price: "+marked_price);
System.out.println("Cost Price: "+cost_price);
}}
Explanation:
For explanation purpose, let
Marked Price
Percentage discount
Discounted amount
Percentage Profit
Cost Price
The marked price (i.e. selling price) is calculated discount using:
The derived formula of the cost price from percentage profit and Marked Price is:
So, the explanation is as follows:
The next three lines declare and initialize the given parameters
<em> double discount_percent = 0.15;</em>
<em> double discount_amount = 600;</em>
<em> double profit = 0.20;</em>
Calculate marked price
double marked_price = discount_amount/discount_percent;
Calculate cost price
double cost_price = marked_price/(1 + profit);
Print marked price
System.out.println("Marked Price: "+marked_price);
Print Cost price
System.out.println("Cost Price: "+cost_price);