Question

This chart shows the actual pricing history for three items.

A 5-column table titled historical pricing for small-scale items has 3 rows. The first column is labeled item with entries game system, smart phone, D V D. The second column is labeled Retail price with entries 249, 599, 24 dollars. The third column is labeled Retail sale price with entries blank, blank, 16 dollars. The fourth column is labeled Price 6 months later with entries 229, 399, 19 dollars. The fifth column is labeled auction price with entries 450 dollars, blank, blank.

For which product(s) would it be most beneficial to wait before buying?

game system
smartphone
DVD
It's most beneficial to buy all now.

Answer 1

Wait for the game system and the smartphone.

- Game system: $249 now → $229 in 6 months (cheaper if you wait).
- Smartphone: $599 now → $399 in 6 months (much cheaper if you wait).
- DVD: $24 retail but on sale now for $16 and would be $19 in 6 months, so buy the DVD now.