8
QuizMultiple Choice

Markup and Markdown

Question 8 • FowU - Financial Math - B

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 drillb.ceiling fanc.circular sawd.screwdriver set

Answer
A
A
B
B
C
C
D
D
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Ashley runs a hardware store. She has decided to…