Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1 Check 0/3 pts Retries 3 Reattempts 19 Info Details In their advertisement this weekend, L&M Fleet supply said they were having a sale

Question 1Check 0/3 ptsRetries 3Reattempts 19Info Details

In their advertisement this weekend, L&M Fleet supply said they were having a sale in which they would pay the sales tax (6.96%) for you. In the fine print, they said that really what they would do is take 6.96% off of your total then charge you 6.96% sales tax.

Let's assume you purchase an item for $120.

How much would you pay for your purchase using their algorithm for computing the cost.

Is their algorithm consistent with their stated advertisement?

  • no
  • yes

Why or why not?

  • You pay less than what is advertised
  • You pay exactly what is advertsed
  • You pay more than what is advertised

Question HelpQuestion 1:

  • Message Message instructor
  • Forum Post to forum

Submit QuestionQuestion 1UnattemptedQuestion 2Check 0/3 ptsRetries 3Reattempts 19Info Details

Another algorithm for computing the final price is to charge 6.07% sales tax on your total and then give you a 6.07% discount off of the total plus the sales tax.

Let's assume you purchase an item for $120.

How much would you pay for your purchase using their algorithm for computing the cost.

Is this approach consistent with their stated advertisement?

  • no
  • yes

Why or why not?

  • You pay more than what is advertised
  • You pay exactly what is advertsed
  • You pay less than what is advertised

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Construction Accounting And Financial Management

Authors: Steven J. Peterson

4th Edition

0135232872, 978-0135232873

Students also viewed these Mathematics questions