Answer:
a. Simple interest = $174
b. Compund interest = $1187.1
Step-by-step explanation:
Given the following data;
Principal, P = $1000
Interest, R = 2.9%
Time, T = 6 months
a. To find the simple interest;
S.I = (PRT)/100
S.I = (1000*2.9*6)/100
S.I = 17400/100
S.I = $174
b. To find the compound interest;
Substituting into the formula, we have;
A = $1187.1
Answer:
a) MARKUP PERCENT = 200%
b) <u>If the cost price of clothing A = $10</u>
then its retail price = $30
<u> If the cost price of clothing B = $25</u>
then its retail price = $75
Step-by-step explanation:
Let us assume the original price for the clothing = a
Now, boutique triples the price of the items it purchases for resale.
So, the resale value of the item of clothing = 3 times (Original price) = 3 a
So, here: The resale Value = 3 a
a) MARK UP Percentage =
or, the MARKUP PERCENT = 200%
b) Two expressions that represent retail price
<u>If the cost price of clothing A = $10</u>
then its retail price = 200% of 10 + 10 = 20 + 10 = $30
<u>If the cost price of clothing B = $25</u>
then its retail price = 200% of 25 + 25 = 50 + 25 = $75