An Item Is Originally Priced to Sell for $175 and Is

question 30

Multiple Choice

An item is originally priced to sell for $175 and is marked down 20%. The store takes off an additional 20%, and a customer has a coupon for 10%. What is the total percent reduction for this item? Give the net decimal equivalent and total percent reduction.

• A) 0.576; 42.4%
• B) 0.55; 50%
• C) 0.5; 55%
• D) 0.424; 57.6%

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Definitions:

Money Value

The value of an item or service expressed in terms of the amount of money that it is worth.

Mixed Strategy Equilibrium

A solution concept in game theory where players choose a probability distribution over possible actions, ensuring no player can benefit from changing their strategy unilaterally.

Company Policy

A set of principles, rules, or guidelines formulated or adopted by a company to achieve its long-term goals and manage its internal affairs.

Money Value

The purchasing power of money, which can be affected by inflation and the general price level of goods and services.