Question

In: Statistics and Probability

The original price of a TV was reduced by 40%. The sales price was then reduced...

The original price of a TV was reduced by 40%. The sales price was then reduced by 35%. This price was then reduced by 25%. If the TV is now selling for $438.75, what was the original price? Please show working of the problem.

Solutions

Expert Solution

thank you.


Related Solutions

Which is a better deal on a $39.99 item? Select one: a. 40% off original price...
Which is a better deal on a $39.99 item? Select one: a. 40% off original price with an additional 20% taken at the register b. 45% off original price with an additional 10% off coupon c. 30% off original price with an additional 20% off coupon d. 50% off original price
A survey stated that 40% of people in Indiana watch TV shows at night. (a) At...
A survey stated that 40% of people in Indiana watch TV shows at night. (a) At α = 0.05, test this claim using a random sample of 100 Indiana residents, out of whom 20 said that they do not watch TV shows at night. (b) Would the test results be the same if 40 people instead said they watch TV shows at night? Suppose we want to compare the results with Ohio population results of the survey, where it has...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $30. Year Unit Sales 1 - 36,000 2 - 44,000 3 - 13,000 4 - 7,000 Thereafter 0 It is expected that net working capital will amount to 20% of sales in the following year. For example, the store will need an initial (Year 0) investment in working capital of .20 × 36,000 × $40 = $288,000. Plant...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $20.    Year Unit Sales 1 34,000 2 42,000 3 16,000 4 10,000 Thereafter 0 It is expected that net working capital will amount to 20% of sales in the following year. For example, the store will need an initial (Year 0) investment in working capital of .20 × 34,000 × $40 = $272,000. Plant and equipment necessary...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The...
The following table presents sales forecasts for Golden Gelt Giftware. The unit price is $40. The unit cost of the giftware is $20. Year Unit Sales 1 40,000 2 45,000 3 17,000 4 10,000 Thereafter 0 It is expected that net working capital will amount to 20% of sales in the following year. For example, the store will need an initial (Year 0) investment in working capital of .20 × 40,000 × $40 = $320,000. Plant and equipment necessary to...
Write an original essay about a book, TV show, article, song or movie that taught you...
Write an original essay about a book, TV show, article, song or movie that taught you a lesson about money or changed your understanding about money.
The statute of limitations for breach of a sales contract: a. may be reduced by the...
The statute of limitations for breach of a sales contract: a. may be reduced by the buyer and the seller to one year b. may be expanded by the buyer and the seller to six years c. begins to run from the signing of the contract d. always requires a notice to the seller to activate the statute
Product Original Cost Replacement Cost Estimated Disposal Cost Expected Selling Price Normal Profit on Sales A...
Product Original Cost Replacement Cost Estimated Disposal Cost Expected Selling Price Normal Profit on Sales A $30.00 $28.00 $8.00 $44.00 25.00% B $44.00 $42.00 $10.00 $54.00 20.00% C $124.00 $119.00 $29.00 $210.00 30.00% D $18.00 $15.40 $6.00 $30.00 20.00% Using the lower-of-cost-or-market approach applied on an individual-item basis, compute the inventory valuation that should be reported for each product on December 31, 2017
The price of a pair of trousers was decreased by 22% to $30. What was the original price of the trousers?
The price of a pair of trousers was decreased by 22% to $30. What was the original price of the trousers?
The sales manager of Trisha’s Global Marketing (TGM) is considering expanding sales by taking their Original...
The sales manager of Trisha’s Global Marketing (TGM) is considering expanding sales by taking their Original Widget and modifying it for export into the European and Asian markets. Relatively minor cosmetic changes will be made to enhance appeal to local tastes. After reviewing the sales forecasts, the sales department feels that 50% of units sold will be the Original product, 30% will be new Euro and the remainder will be the new Pacific. The information in the table has been...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT