Question

A supermarket purchases chickens wholesale from a farm for $4 each. The store then marks up the chickens 50%. After 10:00 p.m., the supermarket marks down the price of the chickens by 50% to make sure they all sell before the store closes. Which statements are true about the price of a chicken?

Answer 1

The true statements are:

The marked up price of chicken before 10pm is $6

The 50% mark down is taken off the marked up price

What are the true statements?

Percentage can be described as a fraction out of an amount that is usually expressed as a number out of hundred.

Price after the mark up= (1 + mark up) x initial price

1.50 x 4 = $6

Price after the mark down = (1 - percentage mark down) x price after mark up

0.50 x $6 = $3

Here are the options:

The marked up price of chicken before 10pm is 6

The 50% mark down is taken off the marked up price

The chickens sell for $4 after 10pm

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