Need Step by step answer Ifyou want to make a 15% profit from250 shillings, what price do you place onyour goods?

Approach to solving the question:Freeform Detailed explanation: 1. Identify the Original PriceThe…

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Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter21: Supply Chains And Working Capital Management

Section: Chapter Questions

Problem 10MC

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You want to buy an item with an original price of $75. If there is a 30% discount, how much can you deduct from the original price? A $75 B. $30 C $2250
I wonder also about question e her. The professor is saying that we need 10 NOK to purchase one USD. Which means that NOK/USD = 10.00 because for each USD you get 10 NOK In the rest of the questions he is saying that we need 11 NOK to purchase one GBP. Which means that NOK/GBP = 11 because for each GBP you get 11 NOK When we are trying to find GBP/ USD arent we suppose to divide 11 (NOK/GBP)/10 ( NOK/USD) ? Since if we do that, the answer would be for each USD we get x amount of GBP. As I have understood so far is when you have for example NOK/ USD = 9.00 that means that for one USD you get 9.00 NOK. Like 1 USD = 9.00 NOK.Could you please explain to me this and eventually why its wrong, since it seems that my thinking is wrong. I want to understand why so when I to problem sets or examples and know why it is like that.
Pierre Martina is comparing the cost of credit to the cash price of an item. If Pierre makes a $150 down payment and pays $37 a month for 24 months, how much more will that amount be than the cash price of $752? (Input the amount as a positive value.)
Which do you prefer: $100 today or $110 in one year, use a 10% discount rate? You are indifferent because they have equal present values Not enough information to calculate $100 today $110 in one year
If $476 invested today yields $500 in one year's time, what is the discount rate?
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You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%? a. $1,245.61 Ob. $1,067.95 Oc$1,311.17 d. $1,124.16 Oe. $1,183.33
You plan to buy a financial product today. You expect that the financial product will give you $100 at the end of first 5 years (that is, you receive $100 starting one year from today for 5 years). Your required rate of return is 10%. If this same financial product has an actual market price of $370, what is the expected rate of return E(r)? Should you buy this financial product? O 9.0076%; Don't Buy O 9.0076%; Buy O 10.9559%; Buy O 11.2276%; Don't Buy
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You are buying and reselling items found at your local thrift shop. You found an antique pitcher for sale. If you need a 46% markup on cost and know most people will not pay more than $25 for it, what is the most you can pay for the pitcher? Note: Round your answer to the nearest cent. Maximum pay I

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If you want to make a 15% profit from 250 shillings, what price do you place on your goods?