A friend claims they purchased a new car for car for $15,000. A similar car that you purchased was only $11,500 in the same year. Which sentence best compares the prices? a.Your friend paid 30.4% more for their car. b.You paid 30.4% less for your car compared to your friend. c.Your friend paid 23% more for their car. d.Your friend paid $3500 more for their car per $1 you spent. e.For every $1 your friend paid, you spent 30.4% less.
A friend claims they purchased a new car for car for $15,000. A similar car that you purchased was only $11,500 in the same year. Which sentence best compares the prices? a.Your friend paid 30.4% more for their car. b.You paid 30.4% less for your car compared to your friend. c.Your friend paid 23% more for their car. d.Your friend paid $3500 more for their car per $1 you spent. e.For every $1 your friend paid, you spent 30.4% less.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
A friend claims they purchased a new car for car for $15,000. A similar car that you purchased was only $11,500 in the same year. Which sentence best compares the prices?
a.Your friend paid 30.4% more for their car.
b.You paid 30.4% less for your car compared to your friend.
c.Your friend paid 23% more for their car.
d.Your friend paid $3500 more for their car per $1 you spent.
e.For every $1 your friend paid, you spent 30.4% less.
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