1 of 8 0-day streak

Model rational quantities, percentage changes and financial outcomes

Question 1 of 8

Calculator allowed

An item costs the seller $224. The seller marks up that cost by 10%, then discounts the marked price by 40%. The item is sold at that final price. Ignore other expenses, taxes and receipts

All quantities and rates are exact. Keep every intermediate quantity exact; no rounding is needed or permitted in this model

(a)1 mark

Determine the marked price using the stated bases

Use the updated quantity as the base of the second change when needed

Give the exact result in $; do not round

Marked price ($) Format: Enter an exact integer or decimal, without rounding

(b)1 mark

Determine the final selling price using the stated bases

Use the updated quantity as the base of the second change when needed

Give the exact result in $; do not round

Final selling price ($) Format: Enter an exact integer or decimal, without rounding

Determine the signed profit or loss amount using the stated bases

Use a negative answer for a loss or decrease and zero for no net change

Give the exact result in $; do not round

Signed profit or loss amount ($) Format: Enter an exact integer or decimal, without rounding

(d)1 mark

Determine the signed percentage profit or loss on cost using the stated bases

Use a negative answer for a loss or decrease and zero for no net change

Give the exact result in %; do not round

Signed percentage profit or loss on cost (%)

Format: Enter an exact integer or decimal or fraction in simplest form, without rounding