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A computer company's featured laptop cost $800 last year. This year, the laptop sold for 15% less than it did last year. Next year, after updates are made to the model, there will be a 25% price increase over this year's price. What will be the price next year?
  • a)
    $810
  • b)
    $825
  • c)
    $840
  • d)
    $850
  • e)
     $880
Correct answer is option 'D'. Can you explain this answer?
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A computer company's featured laptop cost $800 last year. This yea...
First, calculate the price of the laptop this year. Then, use that price to determine what the price will be next year. After a 15% decrease in price, the system would sell for 85% of $800: 0.85 x $800 = $680. If there is a 25% increase next year, the system would sell for 125% of this year's price. That would be 125% of $680: 1.25 x $680 = $850 (D).
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A computer company's featured laptop cost $800 last year. This year, the laptop sold for 15% less than it did last year. Next year, after updates are made to the model, there will be a 25% price increase over this year's price. What will be the price next year?a)$810b)$825c)$840d)$850e)$880Correct answer is option 'D'. Can you explain this answer?
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