Find the overall percentage change in the price of a good if it rises by 5% in a year but is then reduced by 30% in a sale. Select one: O a. 25% O b. 26.5% O c. 35% d. 73.5%

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter10: Inventory
Section: Chapter Questions
Problem 2MC: If a company has three lots of products for sale, purchase 1 (earliest) for $17, purchase 2 (middle)...
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Find the overall percentage change in the price of a good if it rises by 5%
in a year but is then reduced by 30% in a sale.
Select one:
O a. 25%
O b. 26.5%
O c. 35%
O d. 73.5%
O e. Cannot be determined
Transcribed Image Text:Find the overall percentage change in the price of a good if it rises by 5% in a year but is then reduced by 30% in a sale. Select one: O a. 25% O b. 26.5% O c. 35% O d. 73.5% O e. Cannot be determined
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