The selling price of the price that is offered to the buyer of the goods. The selling price of the car should be $<u><em>75,000</em></u>.
<h3>What is the selling price?</h3>
The selling price is the ultimate value of the goods the seller is willing to offer to the buyer at the time of sale. It is determined by adding up the profit margin to the actual cost of the goods.
The computation of the selling price of the car:
Given,
- Cost price =$60,000
- Margin =25%
Therefore, if Sherry wants to make 25% on the sale of each car then the car must be sold at $75,000 each.
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If Jennifer has 400 dollar more than Brian has, if she gives Brian 20 % of her money she will have to giver Brian 80 dollars which comprises 20% of 400 dollars.
That is a simple calculation: 20/100 x 400 = 80
Question solved.
6.29% is the rate of growth
<u>Explanation:</u>
<u>The following formula is used
</u>
Price = D1 / ke -g
39.86 = 1.2 multiply with (1 + g) / 0.095 - g
3.7867 – 39.86 g = 1.2 + 1.2 g
2.5867 = 41.06 g
Now, we have to calculate the value of g
g = 2.5867 divide 41.06
= 0.0629
= 6.29 %
Where:
G = growth, ke = market rate of return, D1 = dividend ( annual), P = price of the share of company
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