Asked by Kaela
During a period of acute shortage of raw materials, the prices of some manufactured goods were raised by 25%. After the shortage was over, prices were lowered by 15%. If the original price of an article was $56, find its price after the shortage was over. Would it have been cheaper if its price had been raised by 8% at the beginning of the shortage and left uncharged at the end?
Answers
Answered by
drwls
The price change factor is
1.25 * 0.85 = 1.063
That is less than 1.08
The answer is no. You end up with a higher price if you apply a 8% raise and leave it there.
1.25 * 0.85 = 1.063
That is less than 1.08
The answer is no. You end up with a higher price if you apply a 8% raise and leave it there.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.