Future Shop Purchases Computers for $787 Less 31% and 6

question 178

Short Answer

Future Shop purchases computers for $787 less 31% and 6%. The normal retail price is 37% of cost. Determine the normal retail price

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Definitions:

Preauthorized Payments

Financial transactions that are set up in advance to regularly move funds from one account to another, commonly used for recurring bills and subscriptions.

Magnetic Ink Character Recognition

A technology used to verify the legitimacy and facilitate the processing of checks and other documents, employing magnetic ink.

Special Ink

A unique form of ink used for specific purposes, such as security printing to prevent forgery or duplicity.

Legitimacy

Pertains to the lawfulness or authenticity of something, often referring to the power or authority being recognized as just and rightful.