Question 7 • Mathematics for Data and Financial Literacy
A shoe store buys a pair of shoes for $100 They decide to offer a 20% discount on the original price and then mark it up by 30% A store employee calculated the final price, resulting in a final sale price of $84 Miscalculations on the final price were later found. The employee's steps are shown: Apply the discount: $100+($100⋅0.20)=$120 Apply the markup: $120−($120⋅0.30)=$84 Identify the mistake in the employee's calculation.
Answer
A
The employee mistakenly applied the discount as a markup and the markup as a discount.
B
The employee calculated the markup correctly but the discount incorrectly.
C
The employee calculated the discount correctly but the markup incorrectly.
D
The employee did not use the correct initial price.