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Sagot :
The market price of one such bond is $883.91.
- The market price is the price at which a good or service may currently be purchased or sold. The dynamics of supply and demand decide how much an item or service will cost on the market. The market price is the cost at which supply and demand are equal.
When a vendor sells a product at the market price without offering a discount, we compute tax on the marked price.
In that situation, the selling price and the indicated price are same. Therefore, tax is computed based on the listed price.
It is given that
Worth of the bond = $1000
Selling price = $88.391
Market price of the bond = selling price × worth of the bond/100
Market price = 1000 × 88.391/100
= $883.91
Therefore, the market price of one such bond is $883.91.
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