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iragen [17]
3 years ago
5

You are shopping for a new printer to take back to college with you. You decide on the PIXMA iP100 due to its superior photo pri

nt quality and are now looking for the best price. Different stores have different deals, plus the manufacturer was offering a $30 mail-in post-purchase rebate. You determined from the Canon website that the MSRP for the printer was $299 but one online store had it listed for $279. That price included free shipping, which you figured was at least a $20 savings. In addition, the seller included a USB cord necessary to connect the printer to your laptop, which was priced at $25 on Canon's website. While the online store paid for shipping, there was a $5 fee to insure the printer during shipping. The online store did take trade-ins of old printers, but you didn't have any used printers to trade anyway. Finally, the online store offered a special holiday coupon on this printer that was good for an additional $10 off the price of the printer.
21. What was your final price for the printer?
a)$244
b) $219
c) $209
22. Assuming that the store’s cost for the printer and the USB cord was 50% of its list price and that shipping was set at its cost, what were the seller’s costs for this transaction?
a)$164.50
b) $152
c)$172
23. How much profit did the online store make on the sale of this printer?
a)$102
b) $82
c) $92
24. If the online store charged $209 for the printer, what percentage discount would you have received from MSRP?
a)30%
b)25%
c)20%
25. For most products, a decrease in price will _______
a)value.
b)have no effect on
c)increase
d)decrease
Business
1 answer:
kompoz [17]3 years ago
5 0

Answer:

21. a)$244

22. b) $152

23. c) $92

24. a)30%

25 c)increase

Explanation:

21. Final price of the printer = listed price $279 - $30 mail-in post-purchase rebate + $5 fee to insure the printer during shipping - additional $10 off the price of the printer = $244

22. the seller’s costs for this transaction = 50% its price for the printer & USB = 50% * $279 + 50% * 25= $152

23. The profit on sale of this printer = final price – cost for this transaction = $244 - $152 = $92

24 Manufacturer suggested retail price is $2999; and if the online store charged $209 for the printer, the percentage of discount = (299-209)/299 = 30%

25. For most products, a decrease in price will increase value

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Answer:

$1,248

Explanation:

The current premiums are $975, which is equivalent to 100%. The new premium will increase by 28%.

New premiums will be $975% plus 28%, which is equal to 128% of  $975

= $975 x 128/100

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5 0
2 years ago
Read 2 more answers
For a normal good, if the price of a substitute good decreases then:
geniusboy [140]

Answer:

(B) the demand curve shifts leftward while the supply curve stays the same.

Explanation:

"Substitutes are goods where you can consume one in place of the other. The prices of complementary or substitute goods also shift the demand curve. When the price of a good that complements a good decreases, then the quantity demanded of one increases and the demand for the other increases. When the price of a substitute good decreases, the quantity demanded for that good increases, but the demand for the good that it is being substituted for decreases. "

Reference: Khan Academy. “Price of Related Products and Demand.” Khan Academy, Khan Academy, 2019

8 0
3 years ago
Why can wholesalers afford to offer trade discounts?
wariber [46]

Answer:

Wholesalers buy products from manufacturers at a lower price than other businesses because they receive discounts for volume buying.

Explanation:

I have no explanation really to say. Thats just the answer.

5 0
3 years ago
Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $42.50. At the end of year 1
kkurt [141]

Answer:

17.76%

Explanation:

The computation of the time-weighted return on your investment is given below

But before that we have to do the following calculations

Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%

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Now the time weighted return is

(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)

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8 0
2 years ago
Gary is the founder of an animal shelter; he shares a special bond with animals. Hence, he prefers to employ people who care for
Harrizon [31]

Answer:

normative control

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Normative control refers to using the values that the employees share as standards instead of using policies to influence the desired behaviors. According to this, the answer is that this is an example of normative control because Gary employs people that share certain values and behaviors and these become the standard to perform their jobs.

4 0
3 years ago
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