Question

A bottle of liquid laundry detergent priced at $15.50 for a 50-load bottle has been changed...

A bottle of liquid laundry detergent priced at $15.50 for a 50-load bottle has been changed to $14.75 for a 54-load bottle. By what percentage has the price per load changed?
Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Price of 50 load bottles = $15.50

Price per load = 15.50/50

= $0.31

Price of 54 load bottles = $14.75

Price per load = 14.75/54

= $0.27

Change in price per load = 0.31-0.27

= $0.04

Percentage change in price per load =Change in price per load/Initial Price per load

= 0.04/0.31

= 12.90%

Kindly comment if you need further assistance. Thanks

Add a comment
Know the answer?
Add Answer to:
A bottle of liquid laundry detergent priced at $15.50 for a 50-load bottle has been changed...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The cost of a leading liquid laundry detergent in different sizes is given below. Size (ounces)...

    The cost of a leading liquid laundry detergent in different sizes is given below. Size (ounces) 16 32 64 200 Cost ($) 3.49 4.39 5.29 10.29 + Part (a) Part (b) Part (c) Calculate the least squares line. Put the equation in the form of ý = a + bx. (Round your answers to three decimal places.) ŷ = Part (d) Find the correlation coefficient r. (Round your answer to four decimal places.) Is it significant? Yes O No Part...

  • Twenty years ago Cody invested $8,000 in a savings bond. If the bond matures today for...

    Twenty years ago Cody invested $8,000 in a savings bond. If the bond matures today for $71,970 what was its annual rate of change? Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56%

  • Question 5 [6 points] compute the missing pieces of information. Note: Please make sure your final...

    Question 5 [6 points] compute the missing pieces of information. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% Nominal Rate Compounding Frequency Effective Rate 8.50% Monthly 0.00% 0.00% Daily 7.00%

  • Chez Calvin sold 692 pairs of their designer jeans last year at $250.99 each. This year...

    Chez Calvin sold 692 pairs of their designer jeans last year at $250.99 each. This year their price increased to $304.99 but units sold were down to 651. Answer the following questions, indicating a decrease with a negative percent change. Note: Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. For example 34.56% What is the percent change in price year-over-year? Percent Change = 0.00% What is the percent change in units...

  • Clean Industries produces Fresh, a brand of liquid laundry detergent. In order to better manage its...

    Clean Industries produces Fresh, a brand of liquid laundry detergent. In order to better manage its inventory and make revenue projections, the company would like to better predict the quantity demanded for its product. The company has gathered data concerning the quantity demanded for Fresh, along with variables believed to affect the demand for Fresh, over the last 30 sales periods. The following information was collected: Variable Description Name DEMAND sales pericd PRICE The quantity demanded for the large size...

  • The Carla Vista Products Co. currently has debt with a market value of $225 million outstanding....

    The Carla Vista Products Co. currently has debt with a market value of $225 million outstanding. The debt consists of 9 percent coupon bonds remiannual coupon payments which have a maturity of 15 years and are currently priced at $1.440.03 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $13 per share. The preferred shares pay an annual dividend of $120. Carla Vista also has 14 million shares of common...

  • The Carla Vista Products Co. currently has debt with a market value of $225 outstanding the...

    The Carla Vista Products Co. currently has debt with a market value of $225 outstanding the debt consists of percent coupon bonds semiannual coupon payments which have a maturity of 15 years and are currently priced at $1.440.03 per bond. The firm has an issue of 2 million preferred shares outstanding with a market price of $13 per share. The preferred shares pay an annual dividend of $120. Carla Vista also has 14 million shares of common stock outstanding with...

  • The Pharoah Products Co. currently has debt with a market value of $200 million outstanding. The...

    The Pharoah Products Co. currently has debt with a market value of $200 million outstanding. The debt consists of 9 percent coupon bonds (semiannual coupon payments) which have a maturity of 15 years and are currently priced at $1,418.61 per bond. The firm also has an issue of 2 million preferred shares outstanding with a market price of $18 per share. The preferred shares pay an annual dividend of $1.20. Pharoah also has 14 million shares of common stock outstanding...

  • An analyst has been following American Dream stock. He projects the following dividends for the next...

    An analyst has been following American Dream stock. He projects the following dividends for the next three years YEAR Dividend $161 $2.20 $1.18 The analyst notes that American Dream stock has a required retum of 10.30%. The analyst projects that dividends will grow at a constant rate of 5.00% per year after year 3. What is the current price of the stock if his assumptions are correct? Answer format: Currency: Round to: 2 decimal places Caskey Inc. is experiencing a...

  • You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked...

    You have just been hired as a financial analyst for Lydex Company, a manufacturer of safety helmets. Your boss has asked you to perform a comprehensive analysis of the company’s financial statements, including comparing Lydex’s performance to its major competitors. The company’s financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet This Year Last Year Assets Current assets: Cash $ 980,000 $ 1,220,000 Marketable securities 0 300,000 Accounts receivable, net 2,780,000 1,880,000 Inventory 3,620,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT