A hardware store purchases a drill for $80 and marks it up by 60% They then offer a 20% discount on the marked-up price. The store manager calculates the final sale price as $64 The manager's steps are shown below: Calculate the marked-up price: $80+($80⋅0.60)=$128 Apply the discount: $128−($128⋅0.50)=$64 Identify the mistake in the manager's calculation.
Answer
A
The manager applied a 50 percent markup instead of a 60 percent markup.
B
The manager applied the discount to the original price instead of the marked-up price.
C
The manager applied a 50 percent discount instead of a 20 percent discount.