Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 28, 2024

Mr. Madoff purchased an antique sold on eBay for 70% of Ebay asking price , he then sold it for 20% above it's true market

Mr. Madoff purchased an antique sold on eBay for 70% of Ebay asking price , he then sold it for 20% above it's true market value to make a profit of $800.

Ebay's price was 80% of the market value. find Ebay's original asking price?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Concepts And Practice Of Mathematical Finance

Authors: Mark S. Joshi

2nd Edition

0521514088, 9780521514088

More Books

Students also viewed these Finance questions

Question

★★★★★

Where is the usual place for organizers of a new corporation to acquire a corporate charter?

Answered: 1 week ago

Question

★★★★★

Consider the coupled system of second-order differential equations subject to a(0) = 1, a(1) = 2, b(0) = 0 and b(1) = 1. Define a single system of unknowns y = [a 1 , b 1 , a 2 , b 2 , . . .] to...

Answered: 1 week ago

Question

★★★★★

What research background do you have?

Answered: 1 week ago

Question

★★★★★

Evensen Furniture Company has requested that you determine whether the companys ability to pay its current liabilities and long-term debts improved or deteriorated during 2012. To answer this...

Answered: 1 week ago

Question

★★★★★

Suppose Sigma Industries and Pi Technology have identical assets that generate identical cash flows. Sigma Industries is an all - equity firm, with 7 million shares outstanding that trade for a price...

Answered: 1 week ago

Question

★★★★★

A researcher has determined that a two-factor model is appropriate to determine the return on a stock. The factors are the percentage change in GNP and an interest rate. GNP is expected to grow by...

Answered: 1 week ago

Question

★★★★★

510. Definitions for a multicomponent flash are as follows: x, yi liquid and vapor mole fractions, respectively = feed mole fraction Zj K =y/x-equilibrium constant L,V, F liquid, vapor, and feed...

Answered: 1 week ago

Question

★★★★★

Suppose the Ashland Shakespeare Festival is hiring a new music director. The group gives all applicants for the position three tests: (1) a work-sample test, in which each applicant is asked to score...

Answered: 1 week ago

Question

★★★★★

student question Everyone knows how high the cost of prescription medicines is these days, and many Americans dislike having to pay significantly more than Canadians or Europeans do for the very same...

Answered: 1 week ago

Question

★★★★★

What is your organization's commitment to diversity? Is there a DE & I statement or mission statement?

Answered: 1 week ago

Question

★★★★★

Joseph Hoffman alleged that Red Owl stores promised him that it would build a store building in Chilton, Wisconsin and stock it with merchandise for Hoffman to operate in return for Hoffman's...

Answered: 1 week ago

Question

★★★★★

What proactive strategies might you develop?

Answered: 1 week ago

Question

★★★★★

Is the action/response ethical? If no, develop a different response.

Answered: 1 week ago

Question

★★★★★

How does your message use verbal communication?

Answered: 1 week ago

Previous Question Next Question