First we find out what percent the sale price is of the original price.
0.15 / 0.75 x 100 = 20%
Then we subtract this from 100% to get the discount:
100 - 20 = 80% discount
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Answer:
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Answer:
The debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
Step-by-step explanation:
The assignment of how much is owed to the responsible party is the major reason of a proration.
For the days owned by the seller, the buyer needs money from the seller since the buyer will pay the taxes at end of the year.
Amount per day = Annual tax bill / 365 = $2800 / 365 = $7.67
Total number of days from January 1 to a day before March 5 = Number of days in January + Number of days in February + Number of days from March 1 to March 4 = 31 + 28 + 4 = 63
Amount the seller owes for the time he owned = Amount per day * Total number of days from January 1 to a day before March 5 = $7.67 * 63 = $483.29
Therefore, the debit and credits for the tax proration will be as follows:
Debit seller for $483.29; and Credit buyer for $483.29.
It depends on the shape or figure your trying to find it for.
Area- the area of a flat or plane figure is the number of unit squares that can be contained in it.
Volume- Is the measure of the amount of space in a closed figure.