contestada

Ashley runs a hardware store. She has decided to apply a markdown of 15% to one item in order to draw customers into the store, and she will apply a markup of 10% to three different items, which she hopes the customers will purchase after purchasing the marked-down item. She has chosen four candidates for this process: a power drill with an initial price of $51.49, a ceiling fan with an initial price of $64.79, a miniature circular saw with an initial price of $45.99, and a screwdriver set with an initial price of $37.39. After applying the changes, the total cost of purchasing one of each item is $3.77 more than it was before applying the changes. Which item was marked down?

a.
power drill
b.
ceiling fan
c.
circular saw
d.
screwdriver set

Respuesta :

Answer:

correct answer is option b.

Step-by-step explanation:

so Ashley has markdown one item by 15%

and mark up other items by 10% to get $3.77

assuming she marked ceiling fan mark down by 15%

if each  item is sold

  =  0.85 ×  $64.79 +1.1 × $51.49 +1.1 ×  $45.99 + 1.1 × $37.39

  = $203.4285

profit

= $203.4285 - $64.79 -$51.49 - $45.99 -$37.39

=$3.7685   ≅$3.77

hence ceiling fan price will be draw down by 15%

hence correct answer is option b.

anthougo

The item that was marked down was the b. ceiling fan, from $64.79 to $55.07.

What are markdown and markup?

A markdown reduces the cost or price of an item by the percentage markdown.

A markup, on the other hand, increases the cost of the item.

Data and Calculations:

Markdown = 15%

Markup = 10%

Items                   Prices

Power drill          $51.49

Ceiling fan           64.79

Circular saw        45.99

Screwdriver set   37.39

Total price       $199.66

Increase in the price = $3.77

New price = $203.43 ($199.66 + $3.77)

Decision:

Most likely, Ashley will mark down the Ceiling fan to attract customers to purchase other items.

Therefore, the new prices after applying the changes will be:

Items                   Prices    Markup/down

Power drill          $51.49      $56.64 ($51.49 x 1.1)

Ceiling fan           64.79        55.07 ($64.79 x 0.85)

Circular saw        45.99       50.59 ($45.99 x 1.1)

Screwdriver set   37.39         41.13 ($37.39 x 1.1)

Total price       $199.66  $203.43

Comparison of new total price with old total price:

New total price = $203.43

Old total price = $199.66

Increase in cost = $3.77 ($203.43 - $199.66)

Thus, the item that was marked down was the b. ceiling fan.

Learn more about markdown and markup at https://brainly.com/question/21685171

#SPJ2

Otras preguntas