An antiques dealer tries to sell a vase at 45% above the $18 000 which the dealer
Question:
An antiques dealer tries to sell a vase at 45% above the $18 000 which the dealer paid at auction.
(a) What is the new sale price?
(b) By what percentage can the dealer now reduce the price before making a loss?
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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