Question

In: Finance

What is the amount of decrease or increase

                            Selling    Price

Product               2019     2020

Smartphone       $100 $95

What is the amount of decrease or increase

Solutions

Expert Solution

What is the amount of decrease or increase?

Answer: 5%

Working

Form the data provided in the question, we can see that spelling price is deceased by $5 (i.e. $100 – $95). For finding put the amount of decrease we can use the following formula.

Amount of decrease =

                                    =

                                    = 5%

Final selling price = $95 (i.e. 2020 price)

Initial selling price = $100 (i.e. 2019 price)

jeff jeffy answered 2 years ago
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