3. a store advertises a 20% markdown on a dishwasher that normally sells for $952. a. find the price on…
3. a store advertises a 20% markdown on a dishwasher that normally sells for $952. a. find the price on sale. b. the markdown is the greatest possible without the store losing money. what does this tell you about the stores cost?
Answer
Explanation:
Step1: Calculate the discount amount
The discount rate is 20% or 0.2, and the original price is $952. The discount amount $d$ is calculated by multiplying the original price by the discount rate. So $d = 952\times0.2=190.4$.
Step2: Calculate the sale - price
The sale - price $s$ is the original price minus the discount amount. So $s=952 - 190.4 = 761.6$.
Step3: Analyze the cost
If the 20% markdown is the greatest possible without the store losing money, it means the store's cost $c$ is equal to the sale - price. So the store's cost is $761.6$.
Answer:
a. $761.6 b. The store's cost is $761.6.