Question

A grocery store purchases bags of chips for $2 and marks up the price by 142 %. The store is having a sale where everything is on sale for 15% off. Choose the most

reasonable estimate for the final price of a bag of chips.
A) $0.40
B) $1.84
OC) $3.60
OD) $4.11

Answer 1

The most reasonable estimate for the final price of a bag of chips is D) $4.11.

Explanation:

To calculate the final price of a bag of chips, we can start by calculating the markup percentage. If the store purchases bags of chips for $2 and marks up the price by 142%, then the selling price would be:

$2 + ($2 * 1.42) = $4.84

Next, we can apply the discount of 15% to the selling price:

$4.84 - ($4.84 * 0.15) = $4.11

Therefore, the most reasonable estimate for the final price of a bag of chips is OD) $4.11.

Please let me know if there’s anything else I can help you with! blllrd