Question

A store owner sells spices for making Jamaican j-erk chicken. she buys the bottle of spices for $5 each and adds an 80% markup to determine the selling price. Jayden uses a 10% off coupon to buy a bottle of je-rk chicken spices at the store. how much profit does the store owner make on a bottle of spices Jayden buys?

Answer 1

$3.10

Explanation:

To calculate the profit the store owner makes on a bottle of spices that Jayden buys, we need to consider the cost price, the selling price, and the discount applied. Let's break it down step by step:

Cost price: The store owner buys the bottle of spices for $5.

Markup: The store owner adds an 80% markup to the cost price to determine the selling price.

Markup = 80/100 * $5

= $4

Selling price = Cost price + Markup

= $5 + $4

= $9

Discount: Jayden uses a 10% off coupon to buy the bottle of spices.

Discount = 10/100 * $9

= $0.9

Amount paid by Jayden = Selling price - Discount

= $9 - $0.9

= $8.10

Profit: To calculate the profit, we subtract the cost price from the amount paid by Jayden.

Profit = Amount paid by Jayden - Cost price

= $8.10 - $5

= $3.10

Therefore, the store owner makes a profit of $3.10 on a bottle of spices that Jayden buys.