A product has a current selling price of P325. If its selling price is expected to decline at the rate of 10% per annum because of obsolescence, what will be its selling price four years hence? A. P302.75 C. P213.23 B. P202.75 D. P156.00 Solution Click here to… Jhun Vert Wed, 07/03/2024 - 22:36 Solution Click here to expand or collapse this section Selling price after 1 year = 325(0.90) Selling price after 2 years = 325(0.90)(0.90) = 325(0.90)2 Thus, selling price four years hence = 325(0.90)4 = P213.23 Log in or register to post comments Log in or register to post comments
Solution Click here to… Jhun Vert Wed, 07/03/2024 - 22:36 Solution Click here to expand or collapse this section Selling price after 1 year = 325(0.90) Selling price after 2 years = 325(0.90)(0.90) = 325(0.90)2 Thus, selling price four years hence = 325(0.90)4 = P213.23 Log in or register to post comments
Solution Click here to…