To find the sales tax, multiply the sum of the costs by 6.5% or 0.065:

0.065($65+$189)=0.065($254)=$16.5

0.065($65+$189)=0.065($254)=$16.5

Question

asked 2021-01-22

Pets Plus and Pet Planet are having a sale on the same aquarium. At Pets Plus the aquarium is on sale for 30% off the original price and at Pet Planet it is discounted by 25%. If the sales tax rate is 8%, which store has the lower sale price? How much will you save by buying the aquarium there? Round to the nearest cent.

\(\displaystyle{b}{e}{g}\in{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}{\left\lbrace{\left|{c}\right|}{c}{\mid}\right\rbrace}{h}{l}\in{e}\text{Store}&\ \text{ Original Price of Aquarium (\$)}\backslash{h}{l}\in{e}\text{Pets Plus}&{118}\backslash{h}{l}\in{e}\text{Pet Planet}&{110}\backslash{h}{l}\in{e}{e}{n}{d}{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}\)

\(\displaystyle{b}{e}{g}\in{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}{\left\lbrace{\left|{c}\right|}{c}{\mid}\right\rbrace}{h}{l}\in{e}\text{Store}&\ \text{ Original Price of Aquarium (\$)}\backslash{h}{l}\in{e}\text{Pets Plus}&{118}\backslash{h}{l}\in{e}\text{Pet Planet}&{110}\backslash{h}{l}\in{e}{e}{n}{d}{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}\)

asked 2020-11-12

Finance bonds/dividends/loans exercises, need help or formulas

Some of the exercises, calculating the Ri is clear, but then i got stuck:

A security pays a yearly dividend of 7€ during 5 years, and on the 5th year we could sell it at a price of 75€, market rate is 19%, risk free rate 2%, beta 1,8. What would be its price today? 2.1 And if its dividend growths 1,7% each year along these 5 years-what would be its price?

A security pays a constant dividend of 0,90€ during 5 years and thereafter will be sold at 10 €, market rate 18%, risk free rate 2,5%, beta 1,55, what would be its price today?

At what price have i purchased a security if i already made a 5€ profit, and this security pays dividends as follows: first year 1,50 €, second year 2,25€, third year 3,10€ and on the 3d year i will sell it for 18€. Market rate is 8%, risk free rate 0,90%, beta=2,3.

What is the original maturity (in months) for a ZCB, face value 2500€, required rate of return 16% EAR if we paid 700€ and we bought it 6 month after the issuance, and actually we made an instant profit of 58,97€

You'll need 10 Vespas for your Parcel Delivery Business. Each Vespa has a price of 2850€ fully equipped. Your bank is going to fund this operation with a 5 year loan, 12% nominal rate at the beginning, and after increasing 1% every year. You'll have 5 years to fully amortize this loan. You want tot make monthly installments. At what price should you sell it after 3 1/2 years to lose only 10% of the remaining debt.

Some of the exercises, calculating the Ri is clear, but then i got stuck:

A security pays a yearly dividend of 7€ during 5 years, and on the 5th year we could sell it at a price of 75€, market rate is 19%, risk free rate 2%, beta 1,8. What would be its price today? 2.1 And if its dividend growths 1,7% each year along these 5 years-what would be its price?

A security pays a constant dividend of 0,90€ during 5 years and thereafter will be sold at 10 €, market rate 18%, risk free rate 2,5%, beta 1,55, what would be its price today?

At what price have i purchased a security if i already made a 5€ profit, and this security pays dividends as follows: first year 1,50 €, second year 2,25€, third year 3,10€ and on the 3d year i will sell it for 18€. Market rate is 8%, risk free rate 0,90%, beta=2,3.

What is the original maturity (in months) for a ZCB, face value 2500€, required rate of return 16% EAR if we paid 700€ and we bought it 6 month after the issuance, and actually we made an instant profit of 58,97€

You'll need 10 Vespas for your Parcel Delivery Business. Each Vespa has a price of 2850€ fully equipped. Your bank is going to fund this operation with a 5 year loan, 12% nominal rate at the beginning, and after increasing 1% every year. You'll have 5 years to fully amortize this loan. You want tot make monthly installments. At what price should you sell it after 3 1/2 years to lose only 10% of the remaining debt.

asked 2021-01-28

The owner of a sporting goods store buys pairs of rollerblades for $60 and marks them up 25%. Several months later, he decides o clear his inventory and sells each pair or rollerblades at a discount of 20%. What is the total price of a pair of these rollerblades with the discount and a 6% sales tax?

asked 2021-02-12

Cy needs to buy a package of dish towels. The original price is $15.The dish towels are now on sale for 20%. How much will Cy pay for the dish towels on sale?

asked 2020-10-23

7% sales tax on a $156.00 camera

sales tax:

total cost:

sales tax:

total cost:

asked 2020-12-09

Serena has job offers from two car dealerships. Classic Cars offers her a base salary of $22,000 per year plus an additional 1% commission on all sales she makes. Sweet Rides offers her a base salary of $13,000 per year plus an additional 2.5% commission on all sales she makes. Determine the amount of car sales in dollars for which both dealerships will pay Serena the same amount. Explain which offer Serena should accept based on the amount of car sales she expects to have.

asked 2020-12-25

A restaurant has a \(\displaystyle\frac{{3}}{{4}}\) -full pan of lasagna. If the cost is $20 per \(\displaystyle\frac{{1}}{{3}}\) pan, how much will the restaurant charge for the \(\displaystyle\frac{{1}}{{3}}\)-full pan of lasagna?

A. $20

B. $45

C. $60

D. $125

A. $20

B. $45

C. $60

D. $125

asked 2021-01-27

A small drugstore orders copies of a certain magazine for it magazine rack each week. Let X=demand for the magazine, with pmf

\(\displaystyle{b}{e}{g}\in{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}{\left\lbrace{\left|{l}\right|}{l}{\mid}\right\rbrace}{h}{l}\in{e}{x}&{1}&{2}&{3}&{4}&{5}&{6}\backslash{h}{l}\in{e}{p}{\left({x}\right)}&{\frac{{{1}}}{{{15}}}}&{\frac{{{2}}}{{{15}}}}&{\frac{{{3}}}{{{15}}}}&{\frac{{{4}}}{{{15}}}}&{\frac{{{5}}}{{{15}}}}&{\frac{{{6}}}{{{15}}}}\backslash{h}{l}\in{e}{e}{n}{d}{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}\)

Suppose the store owner actually pays $1.00 for each copy of the magazine and the price to customers is $2.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine?

\(\displaystyle{b}{e}{g}\in{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}{\left\lbrace{\left|{l}\right|}{l}{\mid}\right\rbrace}{h}{l}\in{e}{x}&{1}&{2}&{3}&{4}&{5}&{6}\backslash{h}{l}\in{e}{p}{\left({x}\right)}&{\frac{{{1}}}{{{15}}}}&{\frac{{{2}}}{{{15}}}}&{\frac{{{3}}}{{{15}}}}&{\frac{{{4}}}{{{15}}}}&{\frac{{{5}}}{{{15}}}}&{\frac{{{6}}}{{{15}}}}\backslash{h}{l}\in{e}{e}{n}{d}{\left\lbrace{a}{r}{r}{a}{y}\right\rbrace}\)

Suppose the store owner actually pays $1.00 for each copy of the magazine and the price to customers is $2.00. If magazines left at the end of the week have no salvage value, is it better to order three or four copies of the magazine?

asked 2021-02-24

Monica cashed her paycheck at Ready Cash. The fee at Ready Cash to cash a check is 10% of the amount of the check. Her paycheck was $538. How much was the fee for Monica to cash her paycheck?

asked 2020-11-10

Ross Land has a loan of $8,500 compounded quarterly for three years at 6%. What is the effective interest rate for the loan?