Macy's is having a one-day 35% off special. If Sara bought $124.50 worth of items, what would the final bill total after applyin
2 answers:
The final bill after applying discount will be $80.92
Step-by-step explanation:
Given,
Worth of items bought by Sara = $124.50
Discount = 35%
Amount of discount = 35% of worth of items
Amount of discount =
Amount of discount =
Amount of discount = $43.575 = $43.58
Final bill = Worth of items - Amount of discount
Final bill = 124.50 - 43.58 = $80.92
The final bill after applying discount will be $80.92
Keywords: subtraction, percentage
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Answer:
0.18
Step-by-step explanation:
Given that:
P₁ = $10, P₂ = $20
From the tables Q₁ = 900, Q₂ = 800
Using midpoint method:
Percentage change in quantity =
Percentage change in price =
Price of elastic demand = Percentage change in quantity/ Percentage change in price = -11.76% / 66.67% = 0.18
The Price of elastic demand is positive because we took the absolute value and elasticity are always positive
Therefore since Price of elastic demand < 1, the demand is inelastic in this interval.
This means that, along the demand curve between $10 to $20, if the price changes by 1%, the quantity demanded will change by 0.18%. A change in the price will result in a smaller percentage change in the quantity demanded. For example, a 10% increase in the price will result in only a 1.8% decrease in quantity demanded and a 10% decrease in the price will result in only a 1.8% increase in the quantity demanded
