1. An instrument store gives a 10% discount to all students off the original cost of an instrument. During a back to school sale an additional 15% is taken off the discounted price. Julie, a student at the local high school, purchases a flute for $306. How much did it originally cost? A. $325 B. $375 C. $400 D. $408 E. $425
If you cant do the equation it's better to start calculating the options for e.g: C) $400 If $400 is the right answer then it means it is the original price so we will first give a discount of 10% as it says in the question. 400 * 0.1 = 40. Deduct 40 from $400 because the first discount was $40. So after first discount it is 360. Then an additional discount incurred was 15% on the discounted item. So 360 * 0.85 = $306. I can also tell you the more easy way to find the answer but i wanted to explain in detail. The question was taken from the internet but the answer was purely from my side and ofcourse the explanation.
What are the 4Ps of Marketing?
1) Product 2) Price 3) Promotion 4) Place
What are the 5 basic accounting heads? and how do we distinguish what goes in debit or credit when increased or decreased?
5 basic principles are: 1) Assets: The things that you own for e.g car, house, mobile etc. Assets when increased goes to the debit side and when decreased goes to the credit side. 2) Liability: The things or money that you owe to others for e.g accounts payable. Liability when increased goes to the credit side and vice versa. 3) Equity: Also known as Capital. Your net worth. Increase goes to capital and vice versa. 4) Income: for e.g salary or commission. Increase goes to credit and vice versa. 5) Expenses: for e.g rent expense. You took the service now you have to pay. Expenses increased goes to Debit and vice versa.