A] Given that the last years's sales was $144,600 and this years sales should increase by 1/3. Then:
i] Amount the sales should increased by will be:
(last year's sales)*(increase)
=144,600*(1/3)
=48,200
ii] The sales in the new year will be:
(last year's sales)+(increase)
=144600+48600
=$192, 800
2] Given that the sales of hifi which included 6% tax was 205,000. The actual sales was:
Actual percentage sales=100%
percentage sales after taxation=100-6=94%
thus the actual sales was:
(100)/(94)*205,000
=218, 085.1064
3]Given that the rate per $100 is $0.83, and the insurance was for 90000, the insurance premium will be:
(total insurance) *(unit rate)/(number of units)
plugging the values we obtain:
90000*0.83/100
$747
Answer:
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Hope this helps
Answer: $13,846.02
Step-by-step explanation:
The car cost $29,750 when it was first bought.
It will then depreciate at a rate of 12% per year. This means that the value of the car reduces by 12% per year.
To find the value of the car in the 6th year, you can use the compound interest formula:
= Value of car * ( 1 - rate) ^ no. of years
= 29,750 * ( 1 - 12%)⁶
= 13,816.021581824
= $13,846.02
