An Item Selling for $633 Is Marked Down 25% for a Special

question 78

Multiple Choice

An item selling for $633 is marked down 25% for a special promotion. It is later marked down 20% of the sale price. What is the final selling price of the item?

• A) $791.25
• B) $379.80
• C) $348.15
• D) $588.00

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Definitions:

Net Weight

The weight of the goods alone without any packaging.

Standard Error

The standard deviation of the sample distribution of a statistic, commonly used to measure the precision of the sample mean's estimate of the population mean.

Heights

The measurement of someone or something from base to top or from the ground to its tallest point.

One-sample T Statistic

A statistic used in hypothesis testing that compares the mean of a single sample to a known value, often to determine if the sample mean differs significantly from the population mean.