You see a TV for $1899 and the sign says 30% off. You also have a coupon for 20% off the sale price of any TV. The sales clerk says with that coupon you get a total of 50% off. Explain if she is correct. Be sure to include the cumulative percent decrease and the sale price for the TV is. The tax is 7.35%. what will the TV cost after tax?
You see a TV for $1899 and the sign says 30% off. You also have a coupon for 20% off the sale price of any TV. The sales clerk says with that coupon you get a total of 50% off. Explain if she is correct. Be sure to include the cumulative percent decrease and the sale price for the TV is. The tax is 7.35%. what will the TV cost after tax?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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You see a TV for $1899 and the sign says 30% off. You also have a coupon for 20% off the sale price of any TV. The sales clerk says with that coupon you get a total of 50% off.
- Explain if she is correct. Be sure to include the cumulative percent decrease and the sale price for the TV is.
- The tax is 7.35%. what will the TV cost after tax?
Expert Solution
Step 1 Explanation
The successive discount on stated % is different from a single discount %. A discount of 30% and 20% is different from a flat discount rate of 50%.
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