Business, 06.05.2020 04:07 50057543

Hall's Discount Clothiers offered a particular brand of men's 3-piece suits for $79.95 last month. Hall's has 150 suits remaining and decides to run a special weekend sale on these suits at $64.50 each.
What percentage markdown is the store offering?

Answers: 2

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Answer from: artistictype4671

Percentage change = 19.32% (Approx)

Explanation:

Given:

Old price for suit piece = $79.95

New price for suit piece = $64.50

Percentage markdown = ?

Computational of percentage markdown:

Percentage change = [100 (New price - Old price)] / Old price

Percentage change = [100 ($64.50 - $79.95)] / $79.95

Percentage change = [100 (-$15.45)] / $79.95

Percentage change = [-$1,545] / $79.95

Percentage change = 19.3245779

Percentage change = 19.32% (Approx)

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

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Hall's Discount Clothiers offered a particular brand of men's 3-piece suits for $79.95 last month. H...