An Electronics Store Purchases a Certain Video Game from the Manufacturer

question 9

Short Answer

An electronics store purchases a certain video game from the manufacturer for $18 per unit. The store sells the game at a mark-up of 120% over the purchase price. You found a coupon, offered in the local newspaper, which will reduce the price by 20%. How much money would the store profit if you purchased the video game using the coupon? Give your answer as a decimal rounded to the nearest
hundredth.

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Definitions:

Enduring Power of Attorney

A legal document that allows an individual to appoint another person to make decisions on their behalf, even if they become mentally incompetent.

Contract of Agency

A legal agreement in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions.

Information

Data, facts, or knowledge provided or learned about something or someone.

Consciously Ratifies

The act of officially approving or confirming a decision or agreement with full awareness.