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taurus
2 months ago
13

In may, the price of a pair of jeans was 250% of its wholesale cost. in june, the price was reduced by 25%. after an additional

50% discount in july, the jeans cost $\$22.50$. what is the number of dollars in the wholesale cost of the jeans?
Business
2 answers:
soldi70 [3.6K]2 months ago
7 0

Solution: $24

Explanation: By performing the calculations, you arrive at $24

arsen [3.4K]2 months ago
4 0
To work this out, we have to reverse the steps:
After the July discount of 50%, the price of the jeans is $25.50
Thus, the original price before this discount was 2 * $22.50 = $45
In June, the cost was decreased by 25%.
45 ------------------75%
x --------------------100 %
45: x = 75: 100
45 * 100 = 75 x
4,500 = 75 x
x = 4,500: 75
x = $60
Finally, in May the jeans were priced at 250% of their wholesale cost.
60 ----------------- 250%
x -------------------100 %
60: x = 250: 100
6,000 = 250x
x = 6,000: 250
x = $24
Conclusion: The wholesale cost of the jeans was $24.

You might be interested in
Rizzo Company has debentures ($1,000 par) outstanding that are convertible into the company's common stock at a price of $25. Th
Mariulka [3825]

Answer:

A. $880

B. -$752.23

Explanation:

To find the conversion value of the issue, we start with this calculation

The initial step is to compute the Conversion ratio using the following formula

Conversion ratio = Par value of security/ Conversion price

Substituting, we find

Conversion ratio = $1,000/$25

Thus, Conversion ratio = 40

Next, we determine the Conversion value with this formula

Conversion value = Conversion ratio * Conversion price

Substituting gives

Conversion value = 40*$22 per share

Therefore, the conversion value of the issue equals $880

B. Now calculating the Straight bond value of the issue

Using a financial calculator for Present Value (PV)

PMT = 8%*1,000 = 80

N = 12 years

1/Y = 12%

FV = 1,000

Thus, PV = -$752.23

This means the Straight bond value of the issue is -$752.23

5 0
2 months ago
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