Question

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

Answer 1

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.

Answer 2

Your answer is B. ceiling fan