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)
1/10 of 500 is 50 so the answer is 5
The answer would be B because the 100 stays in there and you are adding 8% per year. Hope this helps.
Answer:
x=4
Step-by-step explanation:
To solve for x, use inverse operations:
-8x+3 = -29 Subtract 3 from both sides
-8x +3 -3 = -29 -3
-8x = -32 Divide both sides by -8
x = 4