Problem
(a) A firm's annual sales rise from 50 000 to 55 000 from one year to the next. Express the rise as a percentage of the original.
(b) The government imposes a 15% tax on the price of a good. How much does the consumer pay for a good priced by a firm at $1360?
(c) Investments fall during the course of a year by 7%. Find the value of an investment at the end of the year if it was worth $9500 at the beginning of the year.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.