Question

You spend $5 on materials to make a scarf. You think you have added $10 of value, so you set the price to $15. Nobody buys the scarf at that price, so you lower the price to $12, and someone buys it. What is the value of the scarf?

A) $15
B) $10
C) $12

Answer 1

Step-by-step explanation:

Value is the amount a customer is willing to pay for item, so the value is $12.

Answer 2

the gain being $7, the value couldn't be less then 12 if it's not brought back for shortcomings and resold for $15