Question

Buy-Right Department Store bought a video tape for $8. They sold it for 20% more than they paid for it. What was the selling price?. Single choice.

Answer 1

$7.60

Explanation:

8 *20% = 1.6

so 8 + 1.6 = $7.60

Answer 2

20% as a decimal is 0.2 100% of the purchase price is 1.0
1.2 = 120% of the price, so 8 x 1.2 = $9.60

You can also just do 8 x 0.2 = 1.6, and then add that to the $8