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

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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  1. 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

 

  1. What is the mistaken assumption here?
  2. Why is that assumption incorrect?
  3. What do the shoes actually cost now? show calculation
  4. 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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