Question

test prep

1. nate just started working at a clothing store. he receives a 40% discount on any item once a month. this month nate decided to buy a jacket that has a retail price of $74.99. how much did nate pay for his jacket?

a $29.99
b $34.99
c $44.99
d $104.99

1. cup o’ coffee buys its coffee for $1.25 a cup. the coffee shop then sells each cup for $3.75. what is the percent markup for a cup of coffee?

a 300%
b 200%
c 66.6%
d 33.3%

1. write an equation that represents a discount of 18% on a retail price of $55. let p represent the new price.
2. brooke needs a new computer. on friday, the computer was $200. on saturday, the price of the computer was $149. determine if there was a markup or markdown and by what percent.

a markup; 25.5%
b markup; 34.5%
c markdown; 25.5%
d markdown; 34.5%

Explanation:

Question 9

Step1: Calculate discount amount

Discount = 40% of $74.99 = $0.40 \times 74.99 = 29.996$

Step2: Subtract discount from retail price

New price = $74.99 - 29.996 = 44.994 \approx 44.99$

Step1: Calculate markup amount

Markup = Selling price - Cost price = $3.75 - 1.25 = 2.5$

Step2: Calculate percent markup

Percent markup = $\frac{Markup}{Cost price} \times 100\% = \frac{2.5}{1.25} \times 100\% = 200\%$

Step1: Determine discount amount

Discount = 18% of $55 = 0.18 \times 55$

Step2: Write equation for new price

New price $p$ = Retail price - Discount = $55 - 0.18 \times 55$ or $p = 55(1 - 0.18)$ or $p = 55 \times 0.82$

Answer:

C. $44.99

Question 10