A surf shop reduces the price of a paddle board for quick sale from $1560 to $1195.

Question:

A surf shop reduces the price of a paddle board for quick sale from $1560 to $1195. Compute the markdown correct to the nearest 1∕100 of 1%.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Feb 26, 2016 03:38 AM

See More Questions

Price Mart reduces the price of a 42 inch TV Plasma from $1,200 to $1,000. As a result sales of TV Plasmas increased from 30 units a month to 42 units a month. Calculate the price elasticity of...
The graph on the next page shows the supply and demand for health care in the nation. The demand curve reflects the marginal social benefit of health care while the supply curve reflects the marginal...
Over time, technological advance increases consumers' incomes and reduces the price of smartphones. Each of these forces increases the amount consumers spend on smartphones if the income elasticity...
An electric field is E = 300 N/C i for x > 0 and E = 300 N/C i for x < 0. A cylinder of length 20 cm and radius 4 cm has its center at the origin and its axis along the x axis such that one end is at...
A luncheon speaker stated that the number of life insurers has declined sharply during the past decade because of the increase in company mergers and acquisitions, demutualization of insurers, and...
Sinner Service Inc. (SSI) has the following 2, semi-annual coupon bond issues outstanding: Bond Coupon Rate 1 8% 2 7% Price Quote 97.65 102.55 Maturity 5.5 years 10 years Face Value $900,000 $500,000...
(i) Describe the construction and working of a spark plug. Where it is used ? Why? (ii) An engine working on Otto cycle, air has a pressure of $1 \mathrm{bar}$ and temperature of \(27^{\circ}...
A travelling production of Grease performs 120 shows each year. The average show sells 1,000 tickets at $65 per ticket. The show has a cast of 45, each earning an average of $320 per show. The cast...
Question 1 . a. Discuss the feasibility of forecasting by comparing projections with market growth and development. b. The finance policies and procedures are there to help the business create...
A walkway lighting package includes a transformer, a certain length of wire, and a certain number of lights on the wire. The price of each lighting package depends on the length of wire and the...
A markup of $90 is made on a sale. If the markup was 45% based on selling price, what was the cost?
A retailer buys an appliance for $1480 less 25% and 15%. The store prices the merchandise at a regular selling price to cover expenses of 40% of the regular selling price and a net profit of 10% of...
The Gramm-Leach-Bliley Act states that it is illegal for organizations to share your personal information with any other party or individual. (True/False)
Explain what equity means as it relates to taxation. ( 2 ) Discuss the two general equity standards of benefits received and ability to pay. Explain what each of these terms mean and how each...
I would like to know how ChatGPT can be used in the marketing of South African businesses? How can it help increase brand power?
What sometimes causes workers to engage in risky or dishonest acts?
Air is free and is governed by the Clean Air Act to protect our rights to clean air. Local and community water supplies have increasing become more privatize and the cost has increase to the point in...
A company's taxes paid on its last dollar of earnings is its: Question 7 options: average tax rate marginal tax rate Question 8 (0.2 points) The financial statement that shows the assets and...
Define and give an example of each of the following types of functions. (a) Quadratic function (b) Polynomial function (c) Rational function (d) Power function
A number of years ago the United Food and Commercial Workers Union organized 800 workers of the 1035 employees at one of the Wilson Brothers food operations in Toronto, Ontario. The employees include...
Create a row vector with 11 equally spaced elements in which the first element is 96 and the last element is 2.
Create a column vector in which the first element is 26, the elements decrease with increments of -3.6, and the last element is -10. (A column vector can be created by the transpose of a row vector.)
For the function y = x2- e05x + x, calculate the value of y for the following values of x using element-by-element operations: -3, -2, -1, 0, 1, 2, 3.
There are two real numbers a for which (2x)+15 (1-x) = 8x - 3x + 2. The sum of these two real numbers is
Net sales Cost of goods sold Depreciation INCOME STATEMENT (Figures in $ millions) Earnings before interest and taxes (EBIT) Interest expense Income before tax Taxes Net income $ 882.00 742.00 32.00...
Venita is sewing new curtains. The table below shows the relationship between the number of stitches in a row and t length of the row. Sewing Number of Length (cm) stitches 5 1 15 3 20 4 30 6 What is...

A surf shop reduces the price of a paddle board for quick sale from $1560 to $1195.

Question:

Step by Step Answer:

Markdown 156000 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions