Blossom's Flowers Purchases Roses for Sale for Valentine's Day

question 96

Multiple Choice

Blossom's Flowers purchases roses for sale for Valentine's Day.The roses are purchased for $10 a dozen and are sold for $20 a dozen.Any roses not sold on Valentine's Day can be sold for $5 per dozen.The owner will purchase 1 of 3 amounts of roses for Valentine's Day: 100,200,or 400 dozen roses.Given 0.2,0.4,and 0.4 are the probabilities for the sale of 100,200,or 400 dozen roses,respectively,then the EMV for buying 200 dozen roses is

• A)$4,500
• B)$2,500
• C)$1,700
• D)$1,000

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Definitions:

Percentage

A mathematical term describing a number or ratio as a fraction of 100, used to represent proportions, rates, or comparative amounts.

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