The Net Price of an Item After a Discount of 22

question 157

Short Answer

The net price of an item after a discount of 22% is $155.61. What is the (dollar) amount of the discount?

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Definitions:

Nondiscriminating Monopolist

A monopolist who charges the same price to all customers for a good or service, without price differentiation.

Marginal Revenue

The increase in income realized from the sale of one additional product or service unit.

Price Reductions

A strategy where businesses lower the prices of their goods or services to increase demand or sales.

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a product or service.