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Mademuasel [1]
2 years ago
9

The cost of making a shirt is half of what the shirt normally sells for. today, however, the shirt is on a 15% discount from its

normal price. what is the current price of the shirt?
Business
1 answer:
Stolb23 [73]2 years ago
7 0
Let the cost of the shirt be y and the price by the which the shirt is sold is 2y.

Now, let's calculate how much does 15% represent from the price of the shirt:
15% discount = (15/100) x 2y = 0.3y
Therefore, the shirt is sold for : 2y - 0.3y = 1.7y

This means that at 15% discount, the shirt is sold at 1.7 of its original cost.
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Answer:

The journal entries alongwith its explanation are as under:

Explanation:

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Journal entry at Jan 30, of selling treasury stock would include the elimination of the treasury stock at the amount purchased and the remainder will will be the Paid-In Capital, the journal entry is as under:

Dr Cash (1200*9)                 $10,800

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77julia77 [94]

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I hope this helps

8 0
2 years ago
discuss the influences of supply and demand in your daily life. describe one good and one service you use daily, and describe th
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Answer:

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