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This chart shows the actual pricing history for three items.

Historical Pricing for Small-Scale Items
\begin{tabular}{|c|c|c|c|c|}
\hline
Item & Retail Price & \begin{tabular}{c}
Price After \\
3 Months
\end{tabular} & \begin{tabular}{c}
Price After \\
6 Months
\end{tabular} & Auction Price \\
\hline
Game System & \[tex]$249 & - & \$[/tex]229 & \[tex]$450 \\
\hline
Smartphone & \$[/tex]500 & \[tex]$450 & \$[/tex]400 & \[tex]$600 \\
\hline
DVD & \$[/tex]24 & \[tex]$18 & \$[/tex]19 & \$20 \\
\hline
\end{tabular}

For which product(s) would it be most beneficial to wait before buying?
A. Game System
B. Smartphone
C. DVD
D. It's most beneficial to buy all now.



Answer :

GinnyAnswer
Let's break down the historical pricing data for each product and determine which product would be the most beneficial to wait before buying, based on the savings:

1. Game System:
- Initial Price: [tex]$249 - Later Price: $[/tex]229
- Auction Price: [tex]$450 Savings by waiting for the later price: \[ \$[/tex]249 - \[tex]$229 = \$[/tex]20
\]

2. Smartphone:
- Initial Price: [tex]$500 - Later Price: $[/tex]30
- Auction Price: Not applicable

Savings by waiting for the later price:
[tex]\[ \$500 - \$30 = \$470 \][/tex]

3. DVD:
- Initial Price: [tex]$24 - Later Price: $[/tex]19
- Auction Price: [tex]$18 Savings by waiting for the later price: \[ \$[/tex]24 - \[tex]$19 = \$[/tex]5
\]

Now, we compare the savings for each product:
- Game System: [tex]$20 savings - Smartphone: $[/tex]470 savings
- DVD: [tex]$5 savings The product which offers the highest savings if you wait to buy it later is the smartphone, with a savings of $[/tex]470.

Hence, it would be most beneficial to wait before buying the smartphone.

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