Answer:
$335.15
Step-by-step explanation:
(2012 price) - 11.1% · (2012 price) = (2013 price)
$377(1 - 0.111) = (2013 price)
$377 · 0.889 = $335.15 = (2013 price)
The average price of that type of smartphone in 2013 was $335.15.
Answer:
Price of smartphone in 2013 is $335.153.
Step-by-step explanation:
We are given the following information in the question.
Price of smartphone in 2012 = $377
Decline percentage of average price of phone from 2012 to 2013 = 11.1%
We have to calculate the the average price of mobile in 2013:
Formula:
Decrease in average price = [tex]\text{Price of smartphone in 2012}\times \text{Decline percent in average price}[/tex]
[tex]= \displaystyle\frac{11.1}{100}\times 377\\\\ =41.847\$[/tex]
Average price of smartphone in 2013 = [tex]\text{ Average price of smartphone in 2012 - Decrease in price of smartphone}\\= 377 - 41.847\\= 335.153[/tex]
Thus, the price of smartphone in 2013 is $335.153.
