A shop owner raises the price of a $150 pair of shoes by 40%. After a few weeks, because of falling sales, the owner reduces the price of the shoes by 40%. A customer then says that the shoes are back at the original What is the mistaken assumption here? Why is that assumption incorrect? What do the shoes actually cost now? show calculation
A shop owner raises the price of a $150 pair of shoes by 40%. After a few weeks, because of falling sales, the owner reduces the price of the shoes by 40%. A customer then says that the shoes are back at the original What is the mistaken assumption here? Why is that assumption incorrect? What do the shoes actually cost now? show calculation
Mathematics For Machine Technology
8th Edition
ISBN:9781337798310
Author:Peterson, John.
Publisher:Peterson, John.
Chapter24: Percent Practical Applications
Section: Chapter Questions
Problem 32A: A manufacturer estimates that 15,500 pieces per day could be produced with the installation of new...
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- A shop owner raises the price of a $150 pair of shoes by 40%. After a few weeks, because of falling sales, the owner reduces the price of the shoes by 40%. A customer then says that the shoes are back at the original
- What is the mistaken assumption here?
- Why is that assumption incorrect?
- What do the shoes actually cost now? show calculation
- By what percent should the shoes be decreased in order to have the price back at $150? Round to the nearest 10th (for example if your decimal answer is .058267 your answer would be 5.8267% round to nearest 10th percent answer is 5.8%) show calculation
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