Question

Solve it early I upvote

The wholesale cost of a Digital Sound system is $1,750. The original markup was 62% based on selling price. Find the final sale price after the following series of price changes: a markup of 12%, a markup of 45%, and a markdown of 30%. (Round each intermediate
selling price to the nearest cent.)
O $3,222.83
O $3,687.89
$5,157.89
O $5,235.26
View transcribed image text
Expand

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Economics

Other

Related Economics Q&A

Find answers to questions asked by students like you.

Q: To reward her loyal business, the entertainment company Heather hires has offered hera 50 percent di...

A:  The budget line clearly describes the relation between the two goods and the income spent on it. A ...

Q: A child budget is 3 dollars and she has two options 1)ice cream 2) cake. Her utility function is u(x...

A: Hi student, thanks for posting the question. As per the guideline we are providing answer for the fi...

Q: Micro VS Macroeconomics? Classify the following questions as Microeconomics or Macroeconomics and pr...

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: What are the incentives for firms in an oligopoly to collude or work together? Has price collusion h...

A: Oligopoly: There are only a few but large producers/firms, who have catered to a huge group of custo...

Q: 3. Explain the concept of Returns to Scale.

A: Returns to scale is a concept in production theory that describes the change in long-run returns wit...

Q: Q.1.9 If a household’s income falls from R12 000 to R10 000, and its consumption fallsfrom R9 500 to...

A: MPC = change in consumption/change in income MPC = ∆C/∆Y Change in income = R(12,000-10,000) = R2,00...

Q: a. ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the to...

A: Total fixed cos is the cost which does not change over a period of time in the economy. Variable cos...

Q: What Is The Uniform Commercial Code?

A: The Uniform Commercial Code (UCC) is a complete arrangement of laws administering all business excha...

Q: Describe what is collusion and cartel. Give example. Differentiate Nash equilibrium and dominant str...

A: Cartels and collusion are part of oligopoly market structure. Most of the firms form cartels or pref...

Q: What is the relationship between willingness to pay and the demand curve

A: Demand refers to the volume of goods and services that a consumer is willing to purchase at a given ...

Q: BAD Enterprises is considering increasing the price of its harmonicas, currently $20, by25 per cent....

A: Price Elasticity of demand (PED) is the ratio between the % change in quantity demanded and the % ch...

Q: A requirement for a perfectly competitive market is that the sellers sell identical products (consum...

A: The perfect competition is a market condition in which there are many producers and the production o...

Q: 1. An increase in criminal activity in South Africa acts as a deterrent to foreign tourists consider...

A: Hello, Thank you for the question. Since there are multiple questions posted here, as per the honor ...

Q: 1. In free trade a country will not trade if A. Autarky prices and free trade prices are the same. B...

A: A country engage in trade so that it can gain from the trade. If the autarky prices are larger than ...

Q: 1.1. Kenya has a comparative advantage over Uganda in the production of sugar if it: (1) Is able to ...

A: An economic entity or nation is said to have a comparative advantage in the production of a good or ...

Q: Explain classification of linear demand functions by types of  elasticities.

A: The elasticity shows the change in one variable when there is some change in another variable, it me...

Q: In the nonlinear function Y = aXbZc, the parameter c measures

A: Given equation is a non-linear function of X and Z with different parameter. In this equation the de...

Q: Does a tax on sellers affect demand?

A: ANS If a tax is imposed on the sellers (producers) then the cost of manufacturing the product increa...

Q: Q) A company has data that indicates the annual expenditures on a robotics manufacturing line are un...

A: The equivalent present worth P of a uniform series A of the end-of-period cash flow will be:

Q: Q.1.10 Which of the following statements is correct? (2)(1) When a British firm invests in a bicycle...

A: Answer - Need to find - Which of the following statements is correct Evaluating the options -  1) Wh...

Q: Q4. As a result of 5 percent fall in the price of food, it's demand rises by 12 percent. Find the pr...

A: Elasticity is an effective tool to determine the responsiveness of the one variable with the variati...

Q: 5. Tony’s preferences for apples (qa) and pies (qi) are captured by the utility functionU(qa, qi) = ...

A: Given:Tony’s preferences for apples (qa) and pies (qi) are captured by the utility function U(qa, qi...

Q: In the above figure, the movement from point a to point b reflects an increase in the price of pizza...

A: Supply is the production and sales of a product at the prevailing market price and market conditions...

Q: Define moral hazard and explain how it iscaused by asymmetric information.

A: Markets are considered as efficient when there is perfect information about the goods and services b...

Q: Define efficiency in terms of surplus, and identify efficient and inefficientsituations.

A: Efficient means are making the best use of available resources and getting the desired result. Ineff...

Q: a. Draw a figure depicting market equilibrium in the ice-cream market. Label the figure properly. Br...

A: a) To depict the equilibrium in the ice-cream market: The market equilibrium is where D1 & S1 i...

Q: What Is Internal Methods of Managing Indirect Spend?

A: Organizations spends  a lot of time  of commodities and service ,which is directly related to busine...

Q: How does logistics contribute to time and place utility?

A:   Meaning of Time and Place Utility: Place utility refers to when the manufacturer provides the fini...

Q: Explain it correctly I upvote.  Both subparts explain

A: Being the only seller in the market, a monopolist holds the entire market dominance as there are no ...

Q: Explain it early

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first question...

Q: Answer questions 4, and 5 from Table 1 Table 1: Quantity demanded and supplied for the “Boost Juice”...

A: Answer: The following graph shows the demand and supply curve for the boost juice: According to the...

Q: Define adverse selection and explain howit is caused by asymmetric information.

A: The problem of asymmetric information was discovered by economists Stiglitz, Spence, and Akerlof. Th...

Q: Hashtags such as “toiletpaperapocalypse”, “toiletpapergate”, etc were trending on Twitter in Austral...

A: External shocks are events that are unexpected and impact real economic growth. All the countries ar...

Q: Define revealed preference.

A: The Revealed preference theory was introduced by professor Paul A. Samuelson. This theory explains c...

Q: Your mother states that lowering interest rates in the recessionary COVID-19 period is good policy b...

A: The statement that ‘lowering the interest rates in the recessionary COVID-19 period is a good moneta...

Q: A firm’s profit equation is given by: Total Profit = -100 + 160Q – 20Q2 . Therefore, Select one: ...

A: If the firm would produce zero output, the profit earned would be: Total profit = -100 Hence, the fi...

Q: Solve it correctly question (d) parts early.

A:   Meaning of Quantity Demanded and Quantity Supplied: Demand for a commodity is always expressed wit...

Q: A consulting engineering firm wants to make a preliminary cost estimate for the design/construct of ...

A: Click to see the answer

Q: Although we could describe both the cross-priceelasticity of demand between paper coffee cupsand pla...

A: Cross elasticity of demand measures the responsiveness of changes in the demand for one good caused ...

Q: What are some types of longitudinal surveys? Select all the apply.   Question 2 options:   ...

A: Longitudinal Surveys are those surveys that study the trends over time. It mainly consists of cohort...

Q: 12. What is the price elasticity of demand? Price elasticity of supply?

A: Own price elasticity of demand is the measure of the change in the quantity demanded of a product du...

Q: TravelEz sells dollars at a rate of ($1.40)/(1 euro) and buys dollars at a rate of ($1.80)/(1 euro)....

A: The TravlEz sell dollars or buys the euros at a rate of =$1.40 / 1 euro The TravlEz sells dollar or ...

Q: There are four categories of formal power ; coercive power , reward power , legitimate power and inf...

A: We know that  power comes with  great responsibilities . All power comes with great responsibility  ...

Q: Q2: Micro VS Macroeconomics? Classify the following questions as Microeconomics or Macroeconomics an...

A: To understand the economic behavior of various market factors, the learning of these factors is clas...

Q: You need to paint your fence but you really hate thistask. You decide to hire the kid next door to d...

A: I will tell my friend to assure her that i did not cheat the kid next door by telling her that it is...

Q: Explain how the marginal rate of substitution relates to the shapeof the indifference curve

A: The marginal rate of technical substitution refers to the rate at which an individual can give up so...

Q: Which of the following has a more elastic supplyin the short run? [LO 4.4]a. Hospitals or mobile cli...

A: When the change in supply is more than change in the price, we say that the good has greater elastic...

Q: Do you expect firms in perfectly competitive industries to have high profits in the short run? Why o...

A: The perfectly competitive market is a form of market where unlimited no of buyer and seller exist, w...

Q: Explain why correcting a missing market can make everyone better off.

A: The missing market is a type of failure of the market system. The missing market is a type of ineffi...

Q: Define backward induction

A: Backward induction was established by John von Neumann and Oskar Morgenstern where the used it to so...

Transcribed Image Text

The wholesale cost of a Digital Sound system is $1,750. The original markup was 62% based on selling price. Find the final sale price after the following series of price changes: a markup of 12%, a markup of 45%, and a markdown of 30%. (Round each intermediate selling price to the nearest cent.) O $3,222.83 O $3,687.89 $5,157.89 O $5,235.26