Michelle went to Baguio and bought 20 jars of strawberry jam for 3,500 pesos with 15% discount. When she got back to manila, she sold 10 of the jars for a total of 1,800 pesos and the rest as 185 pesos. How much profit did Michelle gain?

Q: I hired a consultant to prepare a feasibility study of a project, which I am actively considering…

A: Feasibility study refers to conducting a hypothesis regarding the possibility of a project. It…

Q: I am driving alone in the desert when I notice that my radiator is overheating. Fortunately I find a…

A: The given example is the effect of a situational influence that have in the purchase decision of the…

Q: Personal Selling consists of winning buyer's confidence for seller house. discuss

A: A salesperson can use personal selling, or face-to-face selling, to persuade a customer to buy a…

Q: You are a buyer's agent. Your buyer client says, "The seller must answer my offer first because it…

A: The objective of the question is to understand the correct response to a buyer's misconception about…

Q: Required Information [The following information applies to the questions displayed below.] Allied…

A: The first thing we have to is to create journal entries to be able to determine which account is…

Q: Roberto is selling his house. His neighborhood is experiencing a strong seller's market. What can…

A: The objective of the question is to understand what Roberto can expect in a strong seller's market…

Q: Explain the importance of “PAYG Tax collection system” in Australia !

A: A New system of Taxation introduced the new Pay As You Go ("PAYG") tax collection system which was…

Q: In 1978 Juan bought 30 ounces of gold for $6,450 as protection against rising inflation. He sold…

A: To calculate the cost per ounce of gold in 1978, we need to divide the total cost of the gold by the…

Q: What is the settlor's significance? Please provide an explanation.

A: The Settler is the person who establishes the trust by transferring a particular resource that he…

Q: What items should [or should not] be included in a letter of offer?

A: Hiring an employee will be based on the educational qualification, experience, attitude, etc., of…

Q: To ensure a full line of outdoor clothing and accessories, the marketing department at Teddy Bower…

A:

Q: Patima has relationships with several granite wholesalers. She takes orders for granite from…

A: Business negotiations provide a structured platform that helps an organization resolve conflicts and…

Buying

Buying is the activity that involves acquiring something of value in exchange for an asset. The acquisition could be goods or/and services. During the buying process, the exchange of value takes place between two or more parties. For instance, if you are offered a present from your relative, it can not be termed “buying” as value exchange is only from one side. Therefore, any form of gifting is not considered buying. The most common medium of exchange to facilitate buying is currency.