Question

Fun Stuff, a clothing store, cost of a shirt is $40 and it marks up shirts 2.5 times cost.

Using the above information, answer the following questions by selecting the correct answer.

If the price is reduced to 20 percent off the “high”/regular price, the “low”/sale price is equal to	Answer 1Choose...$72.$140.280%.350%.$28.180%.70%.$112.$100.250%.
At the “low”/sale price, Fun Stuff’s markup percentage on cost is equal to	Answer 2Choose...$72.$140.280%.350%.$28.180%.70%.$112.$100.250%.
At the “high”/regular price, Fun Stuff’s markup percentage on cost is equal to	Answer 3Choose...$72.$140.280%.350%.$28.180%.70%.$112.$100.250%.
At the “high”/regular price, mark up is equal to	Answer 4Choose...$72.$140.280%.350%.$28.180%.70%.$112.$100.250%.
At the “low”/sale price, mark up is equal to	Answer 5Choose...$72.$140.280%.350%.$28.180%.70%.$112.$100.250%.
The “high”/regular price is equal to	Answer 6

Answer 1

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