Marco's daughter Elena has four boxes of toy blocks, with 50 blocks in each one. One day she dumps them all out on the floor, an
1 answer:
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Answer:
- B. $45341.60
Step-by-step explanation:
<u>Given:</u>
- Initial profit = $37800
- Rate of appreciation = 2.3% per year
<u>The equation for this:</u>
<u>Find the value of P(8):</u>
Correct choice is B
Answer:
10.5 %
<u>Skills needed: Financial Math Essentials</u>
Step-by-step explanation:
1) First, before getting started, let's assume the price of the product is . This variable will be used a lot throughout the problem (
).
2) Marking a price above means increasing the price in order to make money off of the purchased product. When raising something by percent, the new price would be
.
---> In this case, the price increased by percent.
This means that it would be:
New price is:
3) The shopkeeper is then offering a percent discount off of this marked price. When offering a
percent discount price, the new price (with discount), expressed algebraically is:
---> the expression above simplifies to
In this case, ,
--->
This means that , with discount, has been raised
.
10.5 % is the profit percent
(The profit percent being the final marked up price - purchased price)