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Oksi-84 [34.3K]
3 years ago
6

A wool​ suit, discounted by 60 % for a clearance​ sale, has a price tag of $ 620. What was the​ suit's original​ price?

Business
1 answer:
never [62]3 years ago
6 0

Answer:

$1,550

Explanation:

Given that

Price tag = $620

Discount percentage = 60%

By taking the information,

The computation of the suit original price equal to

= Price tag ÷ (1 - discount percentage)

= $620 ÷ (1 - 0.60)

= $620 ÷ 0.40

= $1,550

Therefore, the suit original price is $1,550 after considering the discount percentage and the price tag.

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An investor with no other positions buys 1 dwq jun 60 call at 3.50. if the investor exercises the call when the stock is trading
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