Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.
Answer:
D. $28
Explanation:
Given the following data;
Cost price = $20
Markup = 40%
To find the selling price;
Markup price = 40/100 * 20
Markup price = 800/100
Markup price = $8
Next, we would add the markup to the cost price;
Selling price = markup price + cost price
Selling price = 8 + 20
Selling price = $28
Therefore, the price of each pair of jeans is $28.
Venture capital. It’s where capitalism comes in homie
Let x represent the main amount at 11% and by 8% = 170000 - x
Simple interest is equal to principle amount rate time 100
16300=x*11*1/100+
(170000-x)*8*1/100
x=90,000
170000-x= 80,000.
Simple Interest: What Is It?
- Simple interest is a quick and simple formula for figuring out how much interest will be charged on a loan. Simple interest is determined by multiplying the daily interest rate by the principle by the number of days that elapse between payments.
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