The following questions highlight how changes in numbers can be measured in both absolute and relative, or percentage, terms. Two stores in a mall are having promotions. The first, Annie's Attic, is offering $20.00 off any purchase. The other, Betty's Breakables, is offering 35% off any purchase. Each store offers a music box at a (non-discounted) price of $80 and a faux Ming vase for $60.00, as summarized in the following table. Determine the promotional price of each item at each store. Item Original Price Discount (Dollars) $20.00 Off 35% Off (Dollars) (Dollars) A music box $80 $ $ A faux Ming vase $60.00 $ $ Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item.

The following questions highlight how changes in numbers can be measured in both absolute and relative, or percentage, terms. Two stores in a mall are having promotions. The first, Annie's Attic, is offering $20.00 off any purchase. The other, Betty's Breakables, is offering 35% off any purchase. Each store offers a music box at a (non-discounted) price of $80 and a faux Ming vase for $60.00, as summarized in the following table. Determine the promotional price of each item at each store. Item Original Price Discount (Dollars) $20.00 Off 35% Off (Dollars) (Dollars) A music box $80 $ $ A faux Ming vase $60.00 $ $ Suppose a friend of yours wants to buy a crystal candlestick. You remember seeing this item.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Consumer Choice Theory

Section: Chapter Questions

Problem 4SQ

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