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Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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
Transcribed Image Text:7. Todd Gunderson found in his attic a Woody Woodpecker watch in its original box. It had a price
tag on it for $4.50. The watch was made in 1945. Todd brought the watch to an antiques dealer
and sold it for $32. What was the percent of increase in price? (Round to the nearest
hundredth percent.)

Transcribed Image Text:other
if the
ve the
1. Gunderson's Hardware received a $1,120 invoice dated July 15 with 5/10, 4/15, n/60 terms. On
July 29, Gunderson's sent a $249 partial payment.
a. What credit should Gunderson's receive? (Round your answer to the nearest cent.)
Credit
2$
arges
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