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Category > Economics Posted 22 Jun 2017 My Price 6.00

In the News: Samsung Stung by Apple Moves

Refer to the “In the News” below:

 

In the News: Samsung Stung by Apple MovesSamsung reported a staggering 20 percent drop in sales of its flagship smartphone, the Galaxy S5, for the last three months. Profits declined even more—a 49 percent collapse from last year. The reason for this collapse: Apple's introduction of its large-screen iPhone 6 and price cuts on the iPhone 5. Apple dropped the price of the 16GB iPhone 5s from $199 to $99 and the 8GB iPhone 5s from $99 to a cool $0, with contract.

 

Source: News reports, October 2014.

 

 

By changing the denominator in each case, compute the percentage change in the 16GB iPhone 5s price, as computed from

 

Instructions: Enter your responses as a percent rounded to one decimal place.

 

(a) The initial price.

 

 percent

 

(b) The final price.

 

 percent

 

(c) The average price.

 

 percent

Answers

SuperTutor
(15)
Status NEW Posted 22 Jun 2017 02:06 AM My Price 6.00

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file 1498099274-Solutions file.docx preview (56 words )
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