Answer:
The original selling price would be $ 18.99
Explanation:
Given formula is,
M = S - N
Where,
M = markdown,
S = original selling price,
N = reduced price
Here,
M = $ 11.45, N = $ 7.54,
By substituting the values,
11.45 = S - 7.54
⇒ S = 11.45 + 7.54 = 18.99
Hence, the original selling price of the house is $ 18.99
Answer:
Option (a) is correct.
Explanation:
Given that,
In 1975:
Nominal price = $0.10
CPI = 52.3
In 2005:
Nominal price = $1.00
CPI = 191.3
1975 is the base year
Real price in 2005;
= Nominal price in 2005 × (CPI in 1975 ÷ CPI in 2005)
= $1.00 × (52.3 ÷ 191.3)
= $0.273
Therefore, the real price of tennis ball in 2005 is $0.27 in terms of 1975.
The real price of tennis ball in 1975 is $0.10 because the base year is 1975 itself.
When we are comparing the real prices of the years 2005 and 1975, we conclude that tennis ball is cheaper in 1975 as compared to 2005.
<span>When the financial institution or lender gives a borrower a maximum credit limit of $1,000, it means that he can only owe within that amount or spend up to that limit. Otherwise, spending more than $1,000, the borrower may face penalties or fines in addition to his regular payment. In other words, credit limit refers to the maximum amount of credit a bank extends to the client who has the capacity to pay his debt.
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That statement is False
Even though is true that export supply is a portion of the domestic supply, but the moment there's an export of products, the curve will curve above the no-trade equilibrium price ( which only stated the equilibrium price when there's no international trade)
Solution :
The average number of the arrivals, λ = 6 per hour
Average service rate,
= 8
Average number of the customers in the system is given by,
= 3
Average number of the customers that are waiting in the line behind the person who are being served is,
= 2.25
Proportion of the time the server is busy,
= 0.75