Answer:
$2.48
Step-by-step explanation:
Let cost be c
So we can say 109% of the cost is the selling price.
109% means 1.09. Thus we can setup an equation to find the cost, c.
1.09c = 29.99
c = 29.99/1.09
c = 27.51
<em>The </em><em>markup is selling price - cost</em><em>, hence,</em>
<em>29.99 - 27.51 = </em><em>$2.48</em>
4 5 6 7 8 9 10 11 12 13.Your welcome
after 6 hours Al and Ben will be 180 miles apart.
(22 * x) + (8 * x) = 180
x = 6 hours
He needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
<h3>What is Interest ?</h3>
Interest is the amount of money received , when a certain lump sum amount is deposited.
It is given that the person is receiving ,
Interest = $5000 ,
after six months , every six month
Time Period = 10 years
Interest Rate = 4%
Compounded Semiannual
Let the principal amount be $x
Compound Interest is given by
Amount = P[ 1 + r/n]ⁿˣ
Here x is the time period
Therefore the Amount = x{ 1 +0.04/2}²⁰
x + 5000 *20 = x{ 1 +0.04/2}²⁰
x + 100000 = 1.486 x
x = $205783
Therefore he needs to have $205783 amount of money to receive $5000 every 6 months for 10 years.
To know more about Interest
brainly.com/question/13324776
#SPJ1
