ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$3.26
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$1.64
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$3.36
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$1.63
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Detailed explanation-1: -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-2: -Take the original price and subtract the original price times the 1st discount. Take the price from step 2 and subtract the price from step 2 times the 2nd discount. Calculate the final price. Take the price from step 3 and subtract the price from step 3 times the 3rd discount.
Detailed explanation-3: -Multiply list price by the fraction discount: 120*1/3 = 40. Subtract discount amount from list price: 120-40 = 80. With the formula: 120-(120*1/3) = 120-40 = 80. 1/3 off $120 is $80.
Detailed explanation-4: -Find the original price (for example $90 ) Get the the discount percentage (for example 20% ) Calculate the savings: 20% of $90 = $18. Subtract the savings from the original price to get the sale price: $90-$18 = $72. You’re all set! 29-Dec-2022