SOLUTION: A salesman offered to sell a motorcycle for $1,024. A month later his price was $640 and 2 weeks after that he asked $400. Just last week he was willing to sell it for $250. W

SOLUTION: A salesman offered to sell a motorcycle for $1,024. A month later his price was $640 and 2 weeks after that he asked $400. Just last week he was willing to sell it for $250. W

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Question 1097924: A salesman offered to sell a motorcycle for $1,024. A month later his price was $640 and 2 weeks after that he asked $400. Just last week he was willing to sell it for $250. What will his next price be if he make a consistent reduction?

Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
640/1024=.625
400/640=.625
250/400=.625
x/250=.625
x=250*.625=$156.25 as the next price point.
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