ore has a sale with 10 % off every item.  When you enter the store, you receive a coupon that states you receive an additional 10 % off any sale price.  If you plan to purchase an item that sells for $23, what will your total discount be (a) in dollar amount and (b) in percent?

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
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A store has a sale with 10 % off every item.  When you enter the store, you receive a coupon that states you receive an additional 10 % off any sale price.  If you plan to purchase an item that sells for $23, what will your total discount be (a) in dollar amount and (b) in percent? 

 

Problem Set 1 Part 1 -
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Problem Set 1 Part 1
These problems focus on percent. The related text information is chapter 7 section 7-1. Examples 3,4, 5, 7, 8 will be helpful.
Only do the one question that corresponds to your assigned number. Do not answer all of the questions.
Be sure that you show all of your work to reach your answer. Each step must be on a separate line. Your method to reach your answer
must be clear and include explanations.
Round money to the nearest cents.
Example $46.778 rounds to $46.78
Round answers with decimals to the nearest hundredth.
Example: 876.4567 rounds to 876.46
Example: 34.321 rounds to 34.32
Only round when you have reached a final answer. Do not round during the steps to reach the final answer. Use the longer number that
your calculator gives you.
Final answers
Transcribed Image Text:Problem Set 1 Part 1 - ធ < > Problem Set 1 Part 1 These problems focus on percent. The related text information is chapter 7 section 7-1. Examples 3,4, 5, 7, 8 will be helpful. Only do the one question that corresponds to your assigned number. Do not answer all of the questions. Be sure that you show all of your work to reach your answer. Each step must be on a separate line. Your method to reach your answer must be clear and include explanations. Round money to the nearest cents. Example $46.778 rounds to $46.78 Round answers with decimals to the nearest hundredth. Example: 876.4567 rounds to 876.46 Example: 34.321 rounds to 34.32 Only round when you have reached a final answer. Do not round during the steps to reach the final answer. Use the longer number that your calculator gives you. Final answers
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