Find the overall percentage change in the price of a good if it rises by 5% in a year but is then reduced by 30% in a sale. Select one: Oa 25% Ob. 26.5% Oc 35% O d. 73.5% O e Cannot be determined
Find the overall percentage change in the price of a good if it rises by 5% in a year but is then reduced by 30% in a sale. Select one: Oa 25% Ob. 26.5% Oc 35% O d. 73.5% O e Cannot be determined
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter8: Evolutionary Solver: An Alternative Optimization Procedure
Section8.7: Portfolio Optimization
Problem 13P
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Concept explainers
Customary Pricing
There are various types of pricing strategies followed in the market. They are psychological pricing, odd pricing, free onboard pricing, customary pricing, prestige pricing, dual pricing, ruling pricing, negotiated pricing, mark up pricing, etc. each one can be explained as follows:
Multiple Unit Pricing
“Multiple-unit pricing is a practice where a company offers consumers a lower than unit price if a specified number of units are purchased.”
Question
Transcribed Image Text:Find the overall percentage change in the price of a good if it rises by 5%
in a year but is then reduced by 30% in a sale.
Select one:
O a 25%
O b. 26.5%
Oc 35%
C.
O d. 73.5%
O e. Cannot be determined
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