Multiple choice

Quantity A Price of a coat that costs \$200 at wholesale price but is sold in retail at 40% markup Quantity B Price of a coat listed at \$300 on sale at 10% off

  1. Quantity A is greater.

  2. Quantity B is greater.

  3. The two quantities are equal.

  4. The relationship cannot be determined from the information given.

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Quantity A: 200 * 1.4 = 280. Quantity B: 300 * 0.9 = 270. 280 > 270.

AI explanation

For Quantity A, a retail markup of 40% on the wholesale price of 200 gives a selling price of 200 plus 40% of 200, which is 200 plus 80, equaling 280. For Quantity B, a 10% discount on the listed price of 300 gives a sale price of 300 minus 10% of 300, which is 300 minus 30, equaling 270. Comparing the two final prices shows that 280 is greater than 270. Quantity A is greater.