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Ostrovityanka [42]
4 years ago
15

An advertisement in the local paper offers a "fully loaded" car that is only six months old and has only been driven 5,000 miles

at a price that is 20 percent lower than the average selling price of a brand new car with the same options. Use precise economic terminology to explain whether this discount most likely reflects a "fantastic deal" or something else.
Business
1 answer:
Ilia_Sergeevich [38]4 years ago
4 0

The discount represents most possibly a "Fantastic deal" .

<u>Explanation: </u>

In the given advertisement the car is sold at a price that is 20 percent lower than the average selling price of a brand new car with the same options such as it is "fully loaded", 6 months old and had been driven 5,000 miles.

This is said to be a conditional phrase initiated by the seller, and it is acceptable as the offer seems to be an excellent deal or a fantastic deal for any person who is willing to buy a second-hand car in a good condition i.e, selling a car as in ('as is' refers to selling the car with all the known and unknown issues)

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Answer:

it is very simple and easy to do it.

Explanation:

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A disadvantage of using average cost pricing is that t does not consider how costs change as your sales level changes. This method usually works best when the company is able to estimate its total sales ad then use that estimation to calculate the average cost price.

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Answer and Explanation:

The computation is shown below:

a. The value of P is $31,000 i.e. equivalent to the estimated value of the current market value

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3 years ago
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3 years ago
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