ECONOMICS
INCENTIVES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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$21.49
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$20.49
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$19.99
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$21.59
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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: -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-3: -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