Answered: A product is on sale for 13% off and…

A product is on sale for 13% off and the sale price is $89. What would be the full price of the item if it wasn't on sale? Round your answer to two decimal places, if needed.

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter2: Equations, Inequalities, And Problem Solving

Section2.S: Summary

Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?

See similar textbooks

Related questions

Q: In 1983 the average tuition for one year at an Ivy League school was $11,800. Thirty years later, in…

Q: A car purchased for $25,000 depreciates at a rate of 17% per year. How long will it take for the car…

Q: If the price of gas was on average $2.10 per gallon, and this was $1.21 cheaper than a year before,…

A: Decrease in price is given by,

Q: A manufacturer of vertical blinds purchases raw materials for $17.00 per set of blinds and has a…

A: Given that: Cost of blinds = $17 per set Markup = $130 per set of blinds.Operating profit = 55% of…

Q: Evan is paid a base salary of $14,000 per year. In addition to this salary, he receives commission…

Q: If the sales tax is $10.03 on a purchase of $221, what is the sales tax rate? Round your answer to…

Q: This year, the monthly rent for a condominium is $1060. If the annual rent increase is set at 3.1%,…

Q: A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

A: Compound interest formula is where P is principle amount. A is final amount. r is rate of interest.…

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

Q: A car purchased for $25,700 depreciates at a constant rate of 3% each year. How long will it take…

A: given P=25700r=-3%=-3100=-0.03 (-ve sign because of depreciates)A=P(1+r)t A=25700(1-0.03)t…

Q: The spoilage rate on a shipment of 600 pounds of apples is expected to be 22%. They were puchased at…

Q: Simone invests $4,000 in an account that compounds interest quarterly and earns 3%. How many years…

Q: A manufacturer of vertical blinds purchases raw materials for $16.00 per set of blinds and has a…

Q: Suppose the value of your car is decreasing by 18% per year. If your car is currently worth $20,000.…

Q: A new car is purchased for 24500 dollars. The value of the car depreciates at 14.75% per year. What…

A: Answer is mentioned below

Q: You pay off a debt of $750 by paying 19% of the remaining balance each month. How many months will…

A: Given that , Initial debt D0=$750 r=19% when Dt=450 then t=?

Q: A deposit of $659 earns $15.10 interest at a rate of 4.5%. For how many days was this money on…

A: Solution

Q: A business purchased for $650,000 in 2012 is sold in 2015 for $850,000. What is the annual rate of…

A: To find: The annual rate of return for this investment. Given: The business purchased in 2012 for…

Q: A new car is purchased for 20700 dollars. The value of the car depreciates at 11% per year. What…

Q: Francine currently has $65,000 in her 401k account at work, and plans to contribute $6,000 each year…

A: Given, Francine currently has $ 65000 in her account and plans to contribute $ 6000 each year for…

Q: 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock had a…

A: Given 10 years ago, you purchased shares of stock in a corporation. Between then and now, the stock…

Q: For her 1st birthday, Ruth's grandparents invested $1200 in an 18-year certificate for her that pays…

Q: Isabella purchased $20,000 worth of 13-week T-Bills for $19,525. What will be the rate of return on…

Q: If you want to earn 3% annual simple interest on investment, how much did you pay for a note that…

A: Given the Rate of Interest (R)=3% p.a Time (t) = 10 months = 0.833 years We know that S.I=PTR100 and…

Q: A car is listed to sell at $21,100. The salesperson offers to sell it to you for $17,700. What…

Q: A Jacket priced at 50% is placed on sale at a discount of 20%. If the discounted price is then…

Q: A principal of $4900 is invested at 7.75% interest, compounded annually. How much will the…

A: A principal of $4900 is invested at 7.75% interest, compounded annually.

Q: A new car is purchased for 24800 dollars. The value of the car depreciates at 12% per year. What…

Q: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. What is the annual rate of…

A: A business purchased for $650,000 in 2005 is sold in 2008 for $850,000. let the annual rate of…

Q: When purchase a stock for 10 pesos and then sell it one month later at 20 pesos, you are buying low…

A: Given problem Given that When purchase a stock for 10 pesos and then sell it one month later at…

Q: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

Q: A salesman earns $60,000 in commission in his first year and then has his commission reduced by…

Q: Assume the price of oil increases at a rate of 3% per month. At the beginning of March, the price is…

Q: Nathan invested $2,870 for 219 days at a simple interest rate of 2.75% p.a. How much more or less…

Q: A new car is purchased for $35,000 and over time its value depreciates by one half every 6 years.…

A: Given Initial Cost of car = $35000 its value depreciates by one half every 6 years

Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: The library at a certain university reported that journal prices had increased by 160% over a period…

Q: Today, a typical family of four spends $920/month for food. If inflation occurs at the rate of…

A: It is given that a family spends 920/month for food and inflation occurs at the rate of 3% over next…

Q: If you want to earn 2% annual simple interest on an investment, how much should you pay for a note…

A: Use formula of simple interest

Q: A principal of $4500 is invested at 6.5% interest, compounded annually. How much will the investment…

A: As per our guidelines we are supposed to answer one question , kindly repost the remaining question…

Q: Shannon heard that she could triple her money in 11 years if she invested it in a large…

A: We will apply the formula for the compound interest to solve this problem. Here : - T = total money…

Q: Lebron loaned $20,000 to his daughter to help her buy a house. When she sold the house four years…

A: Here I am attaching image so that you understand each and every step.

Q: If the number of endangered bears in an area decreased from 650 in one year to 635 in the next year,…

A: Given: Number of endangered bears in 1st year=650 Number of endangered bears in 2nd…

Q: A stock that pays an annual dividend of $0.60 per share has a current price of $30.50. Find the…

Q: A manufacturer of vertical blinds purchases raw materials for $17.00 per set of blinds and has a…

A: To find the overhead expenses per set

Q: How much is $250 to be received in exactly one year worth to you today if the interest rate is 20%?…

Q: How much should you invest now at 3 3/4% simple annual interest in order to earn $190 interest in 5…

Q: (d) If the cost for your car repair is in the lower 5% of automobile repair charges, what is your…

A: Let X denote the cost for an automobile repair and it follows normal distribution with mean of…

Q: Suppose your salary in 2012 is $70,000. If the annual inflation rate is 5%, what salary do you need…

Question

A product is on sale for 13% off and the sale price is $89. What would be the full price of the item if it wasn't on sale? Round your answer to two decimal places, if needed.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Drew wants to save 2,500 to go to the nextWorld Cup. To the nearest dollar, how much willhe need to invest in an account now with 6.25 APR, compounding daily, in order to reach his goalin 4 years?
Jamal wants to save 54,000 for a down paymenton a home. How much will he need to invest in anaccount with 8.2 APR, compounding daily, in orderto reach his goal in 5 years?
Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what would his monthly deposits need to be if he invests in an account offering a 4.2% annual interest rate that compounds monthly?
A car was valued at 38,000 in the year 2007. By 2013, the value had depreciated to 11,000 If the car’s valuecontinues to drop by the same percentage, what willit be worth by 2017 ?
Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed to invest in an account now with 7.5 APR,compounded daily, in order to reach her goal in 3 years?