Answer:
10.5 %
<u>Skills needed: Financial Math Essentials</u>
Step-by-step explanation:
1) First, before getting started, let's assume the price of the product is 
. This variable will be used a lot throughout the problem ().
2) Marking a price above means increasing the price in order to make money off of the purchased product. When raising something by 
percent, the new price would be 
.
---> In this case, the price increased by 
percent.
This means that it would be: 
New price is: 
3) The shopkeeper is then offering a 
percent discount off of this marked price. When offering a 
percent discount price, the new price (with discount), expressed algebraically is: 
---> the expression above simplifies to 
In this case, 
, 
---> 
This means that , with discount, has been raised 
.
10.5 % is the profit percent
(The profit percent being the final marked up price - purchased price)
Answer:
D
Step-by-step explanation:
y = 2x + 3
The length of the diagonal of the square is the square root of 32 which equals approximately 5.6569.
The length from the corner to the center of the square is half of the diagonal which is 2.8284. I hope this helps!
Answer:
Final cost = 0.9328y
Step-by-step explanation:
Assume,
Original price = y
Given:
Discount = 22%
Sales tax = 6%
Computation:
Sales tax will be added on sale value
So,
Sales price = y[100%-22%]
Sales price = 0.88y
Price after sales tax :
Final cost = 0.88y[100% + 6%]
Final cost = 0.88y[106%]
Final cost = 0.9328y
