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Yakvenalex [24]
2 years ago
14

5. A markup of 30% on cost is equivalent to a 41% markup on selling price, True False

Mathematics
1 answer:
aivan3 [116]2 years ago
8 0

Answer:

false

Step-by-step explanation:

cost and selling price are the same thing so there would be no difference in percentage

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Question 9 (5 points)
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9514 1404 393

Answer:

  $3291.60

Step-by-step explanation:

If the loan is amortized in the usual way, the monthly payment is ...

  A = P(r/12)/(1 -(1 +r/12)^(-12t)) . . . . . loan of P at rate r for t years

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Then the profit to the bank is ...

  $18,291.60 -15,000 = $3,291.60 . . . bank profit

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