BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Your bill for textbooks was $549.70, but you purchased all used textbooks so you will receive a discount of 25% discount . Select the equation you would use to find the amount you would pay for the books after the discount is applied.
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Cost of Textbooks = $549.70 * .25
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Cost of Textbooks = $540.70 * 1.25
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Cost of Textbooks = $540.70 * .75
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Cost of Textbooks = College isn’t free????
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Explanation:
Detailed explanation-1: -Step 1: Convert the percent discount to a decimal by dividing by 100% . Step 2: Set up the equation P=(1−d)x P = ( 1 − d ) x to find the original price of the item where P is the sale price, d is the discount as a decimal, and x is the original price of the item.
Detailed explanation-2: -Determine the total cost of all units purchased. Divide the total cost by the number of units purchased to get the cost price. Use the selling price formula to calculate the final price: Selling Price = Cost Price + Profit Margin.
Detailed explanation-3: -To determine the percentage, we have to divide the value by the total value and then multiply the resultant by 100.
There is 1 question to complete.