A person will buy a television set for $10,500, for which he gets a 5% discount. When he goes to pay, he discovers that this was not the price, finally paying $9,595. So, how many dollars less was the price?
A person will buy a television set for $10,500, for which he gets a 5% discount. When he goes to pay, he discovers that this was not the price, finally paying $9,595. So, how many dollars less was the price?
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Course: Financial Mathematics
A person will buy a television set for $10,500, for which he gets a 5% discount. When he goes to pay, he discovers that this was not the price, finally paying $9,595. So, how many dollars less was the price?
Please detail your procedure
THANKS :D
Expert Solution
Step 1
A person will buy a television set for $10,500, for which he gets a 5% discount. When he goes to pay, he discovers that this was not the price, finally paying $9,595. So,we need to find how many dollars less was the price.
Step by step
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Follow-up Questions
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Follow-up Question
According my professor, answer is 400. He says just obtain 9,595/(1-5%) = 10,100, and then 10,500 - 10,100 = 400 dollars is less the price
Please check it. Thanks :D
Solution
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