Jill Walters, your boss at Walterss Waterbeds & Futons, has seen the zero percent interest advertising of

Question:

Jill Walters, your boss at Walters’s Waterbeds & Futons, has seen the zero percent interest advertising of other furniture stores and wants to use this promotion to attract new customers. Currently, her cost to buy a futon is $ 200 and she is selling them for $ 550. She is also charging 18 percent interest for customers who buy on credit. Jill wants to offer 24 months’ interest- free financing. What price must she charge if she wants to maintain her current profit margin and still make 18 percent interest?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: