Solve the Problem. -The Regular Selling Price of an Item Is $224. for Is

question 382

Multiple Choice

Solve the problem.
-The regular selling price of an item is $224. For a special year-end sale the price is marked down 20%. Find the discount sale price.

• A)$179.20
• B)$186.67
• C)$268.80
• D)$44.80

---

Definitions:

High Quality

Describes products or services that meet or exceed customer expectations and are superior in terms of durability, performance, or craftsmanship.

Price-quality

The perceived relationship between the price of a product and its quality, where higher prices are often associated with higher quality.

Prestige-value

The perceived value of a product or service based on its prestige, status, or luxury appeal, rather than its functional attributes.

Price-prestige

The phenomenon where consumers perceive higher-priced goods to be of superior quality, leading to a positive correlation between price and the amount of prestige or status believed to be conferred by a good.