a gift shop buys souvenirs at a wholesale price of 7.00 dollars each and resells them each at a retail price…

a gift shop buys souvenirs at a wholesale price of 7.00 dollars each and resells them each at a retail price that is 290% of the wholesale price. at the end of the season, any remaining souvenirs are marked at a discounted price that is 80% off the retail price. what is the discounted price of each remaining souvenir, in dollars?

a gift shop buys souvenirs at a wholesale price of 7.00 dollars each and resells them each at a retail price that is 290% of the wholesale price. at the end of the season, any remaining souvenirs are marked at a discounted price that is 80% off the retail price. what is the discounted price of each remaining souvenir, in dollars?

Answer

Answer:

$3.22$

Explanation:

Step1: Calculate retail price

Retail price = $7\times290%=7\times2.9 = 20.3$

Step2: Calculate discounted price

Discounted price = $20.3\times(1 - 80%)=20.3\times0.2=3.22$