Solve the Problem. -After a 13% Price Reduction, a Boat Sold for $26,970

question 136

Multiple Choice

Solve the problem.
-After a 13% price reduction, a boat sold for $26,970. What was the boat's price before the reduction? (Round to the nearest cent, if necessary.)

• A)$30,476.10
• B)$3506.10
• C)$207,461.54
• D)$31,000

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Definitions:

Exchange Rate

The monetary equivalent of one currency when converted to another.

Units

A standard quantity used in measurement or a singular item or entity.

C$ Per ¥1.00

The exchange rate expressing the value of one Canadian dollar in terms of Japanese yen.

Decreases

The process of becoming smaller or fewer in quantity, size, or intensity.