An Electronics Store Purchases a Certain Video Game from the Manufacturer

question 10

Short Answer

An electronics store purchases a certain video game from the manufacturer, but in a mass amount of clutter the original purchase price is lost. The store sells the game at a mark-up of 120% over the purchase price. A coupon which the store offers in the local newspaper will reduce the price by 20%. With the coupon, the profit made on the sale of the video game is $5.76. What was the original purchase price of the video game? Give your answer as a decimal rounded to the nearest hundredth.

---

Definitions:

Medicare Benefits

The healthcare services and coverage provided under Medicare, a federal health insurance program for people aged 65 and older, and some younger individuals with disabilities.

Terminally Ill

Referring to a person suffering from a disease that is incurable and expected to lead to death within a short period.

Managed Care

A health care delivery system organized to manage cost, utilization, and quality, often through contracted arrangements with providers.

HMO

Health Maintenance Organization; a medical insurance group that provides health services for a fixed annual fee.