Question

A store purchased a picnic basket for $9.88 and marked it up 55%. During a sale, the store marked it down 5%. What was the discount price of the picnic basket?

a) $14.85
b) $10.68
c) $9.88
d) $8.39

Answer 1

To find the discount price of the picnic basket, calculate the original price after the markup and then apply the discount.

Step-by-step explanation:

To find the discount price of the picnic basket, we need to calculate the original price after the markup and then apply the discount.

1. First, calculate the original price: $9.88 + ($9.88 imes 55%) = $9.88 + $5.43 = $15.31
2. Next, calculate the discount: $15.31 imes 5% = $0.77
3. Finally, subtract the discount from the original price: $15.31 - $0.77 = $14.54

Therefore, the discount price of the picnic basket is $14.54.