Bakery a sells bread for $2 per loaf that costs $0.50 per loaf to make. bakery a gives a 70% discount for its bread at the end o

Question

Finger [1]

3 years ago

11

Bakery a sells bread for $2 per loaf that costs $0.50 per loaf to make. bakery a gives a 70% discount for its bread at the end o

f the day. what is the salvage value of its bread?

Business

1 answer:

icang [17] · Answer 1 · 2022-03-26T21:16:57+03:00

Answer: $0.60

Price per loaf: $2

Discount given for its bread at the end of the day= 70%

Solution:

Salvage value<span> is the estimated resale value of a product at the end of its useful life. Since the useful life of the loaf is 1 day and it was sold at the end of the day at 70% off, the salvage value is </span>

$2 × (1 - 70%)