Question

A store pay $120 for a bicycle. The store has a 60% markup policy. What is the selling price of the bicycle? (answer $192)
Use your answer from the above question to help answer this question!! The store is now going out of business and is selling all of the bicycles at a 30% discount. What is the sale price of the bicycle? (answer $134.4)

Use the information from the last two questions to help you answer this question. Will the store make money or lose money on the bicycle? How much?

Answer 1

Answer:

The store will make money for each option/event. For the first option, the store will earn extra $72. For the second option, the store will earn extra $14.4.

Step-by-step explanation:

120 x 1.6 = 192

192 x 0.7 = 134.4

For problem 1, the answer is $192

For problem 2, the answer is $134.4

The store will make money for each option/event.

192-120=72

134.4-120=14.4