Given That The $50 ^ { \text {th } }$ Term of an Arithmetic Sequence Is

question 94

Essay

Given that the $50 ^ { \text {th } }$ term of an arithmetic sequence is $30$ and the $7 ^ { \mathrm { th} }$ term is $44$ , find the first term.

---

Definitions:

Cost-plus-percentage-of-cost Pricing

A pricing strategy where the selling price is determined by adding a specific percentage of markup to the product's cost.

Target Return On Investment Pricing

Pricing strategy where the price is set based on the desired return on investment.

Standard Markup

The common percentage added to the cost price of goods to determine their selling price.

Cost-plus Pricing

A pricing strategy where the selling price is determined by adding a specific markup to a product's cost to ensure profit.