2 items are filed under this topic.








Average price 
20170915 

From Annette: If I sold a widget at $15.50 17.5% of the time and $16.50 88.5% of the time what is the algebraic expression for that. How do I arrive at an average price Answered by Penny Nom. 





Price increases and decreases 
20090902 

From craig: I work for an industry that bases it price increases and decreases on commodity pricing  Customer get confused on how/why we calculated new prices due to movement in the market 
Price go up x% for every $10 of movement in the market 
For this example
Movement went down by $30 and it is 2% for every $10  so price decrease was 6%.
Customer's price is currently $100.
We say  $100/1.06= new price of $94.3
Customer says  $100*.94= new price of $94.
They don't understand that if board went back up $30 which would be 6% increase, they wouldn't be back at $100 if they multiplied on the price decrease.
$94*1.06=$99.64 vs. $94.3*1.06=$100 (Back to the original price)
What is the best way to explain to customer besides using this example?
Any help or info is appreciated.
Craig Answered by Victoria West. 


