Question

6. A us ed car was originally priced at $1050.00 and is now further reduced to $800. Find the percent of markdown on the original price. (Round answer to the nearest 10th of a percent.)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Old price of the car=1050.00

New price of the car=800

So reduced price=250

Percent of markdown=250/1050 ×100

=23.8%

Add a comment
Know the answer?
Add Answer to:
6. A us ed car was originally priced at $1050.00 and is now further reduced to...
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
  • Public Finance text book, Rosen, 10th ed. Chapter 16, Question # 2: In 2002, the US...

    Public Finance text book, Rosen, 10th ed. Chapter 16, Question # 2: In 2002, the US federal government levied a tax of 3 percent on that part of a car's price exceeding $40,000. (for example, the tax liability on a $50,000 car would be 0.03 X ($50,000 - $40,000), or $300.) Discuss the efficiency, equity, and administrability of this "luxury car tax."

  • If the price elasticity of demand for used cars priced between $3,000 and $5,000 is-1.2 (using...

    If the price elasticity of demand for used cars priced between $3,000 and $5,000 is-1.2 (using the mid- point method), what will be the percent change in quantity demanded when the price of a used car falls from $5,000 to $3,000? Instructions: Round your answer to the nearest whole number. 60.00 percent

  • Stephen plans to purchase a car 6 years from now. The car will cost $38,586 at...

    Stephen plans to purchase a car 6 years from now. The car will cost $38,586 at that time. Assume that Stephen can earn 9.40 percent (compounded monthly) on his money. How much should he set aside today for the purchase? Round the answer to two decimal places.

  • ASSIGNMENT 2 QUESTIONS Units 3 & 4 1. An agricultural tool was priced at $2200.00 three...

    ASSIGNMENT 2 QUESTIONS Units 3 & 4 1. An agricultural tool was priced at $2200.00 three months ago and now has a price of $1350.00. What is the rate of discount? 2. Sam sells a model of TV set for S1200. The fixed cost is S2000 each month and the variable cost is $800. If he wants to make profit $800 per month, how many TV sets must be sold per month? 3. Sam and friends operate car washing center....

  • ABC Versus ABM Harvey Company produces two models of blenders: the "Super Model” (priced at $396)...

    ABC Versus ABM Harvey Company produces two models of blenders: the "Super Model” (priced at $396) and the "Special Model" (priced at $203). Recently, Harvey has been losing market share with its Special Model because of competitors offering blenders with the same quality and features but at a lower price. A careful market study revealed that if Harvey could reduce the price of its Special Model to $182, it would regain its former share of the market. Management, however, is...

  • Karsted Air Services is now in the final year of a project. The equipment originally cost...

    Karsted Air Services is now in the final year of a project. The equipment originally cost $25 million, of which 100% has been depreciated. Karsted can sell the used equipment today for $6 million, and its tax rate is 25%. What is the equipment's after-tax salvage value? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest dollar.

  • Karsted Air Services is now in the final year of a project. The equipment originally cost...

    Karsted Air Services is now in the final year of a project. The equipment originally cost $24 million, of which 100% has been depreciated. Karsted can sell the used equipment today for $6 million, and its tax rate is 25%. What is the equipment's after-tax salvage value? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest dollar.

  • Question 4 (1 point) Stephen plans to purchase a car 2 years from now. The car...

    Question 4 (1 point) Stephen plans to purchase a car 2 years from now. The car will cost $66,054 at that time. Assume that Stephen can earn 7.35 percent (compounded monthly) on his money. How much should he set aside today for the purchase? Round the answer to two decimal places. Your Answer: Answer Page 4 of 6 Next Page Submit Quiz 3 of 6 questions saved

  • Hank purchased a $25,500 car two years ago using a 7.2 percent, 3-year loan. He has decided that he would sell the car n...

    Hank purchased a $25,500 car two years ago using a 7.2 percent, 3-year loan. He has decided that he would sell the car now, if he could get a price that would pay off the balance of his loan. What’s the minimum price Hank would need to receive for his car? (Round the loan payment to the nearest cent, but do not round any other interim calculations. Round your final answer to 2 decimal places.) the correct answer is not...

  • 8, Santos Unlimited (SU) was originally unlevered with 4000 shares outstanding. However, after a major financial...

    8, Santos Unlimited (SU) was originally unlevered with 4000 shares outstanding. However, after a major financial restructure, SU now has $36000 of debt, with an annual interest expense of 6 percent. The restructuring has reduced the number of shares to 3000. A group of shareholders of SU are not convinced that this move towards adopting financial leverage is a good idea. Their main argument is that there is now some range of EBIT, however low, that will make the shareholders...

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