The chart above shows the store's cost and list price for three models of stoves sold by an appliance store.
During a 20 percent off sale, Gene bought a Model Y stove from this store. How much profit did the store
make on Gene's purchase? (Profit = Price paid - Store's cost)
- A. $260
- B. $380
- C. $590
- D. $760
Correct Answer & Rationale
Correct Answer: D
To determine the profit made by the store on Gene's purchase of Model Y, first calculate the sale price. If the list price is $950, a 20% discount reduces it by $190, resulting in a sale price of $760. Next, subtract the store's cost of $0 from the sale price, yielding a profit of $760. Option A ($260) incorrectly assumes a lower sale price or higher cost. Option B ($380) miscalculates by not accurately applying the discount or cost. Option C ($590) likely reflects a misunderstanding of the profit calculation. Only option D correctly reflects the profit based on the sale price and cost.
To determine the profit made by the store on Gene's purchase of Model Y, first calculate the sale price. If the list price is $950, a 20% discount reduces it by $190, resulting in a sale price of $760. Next, subtract the store's cost of $0 from the sale price, yielding a profit of $760. Option A ($260) incorrectly assumes a lower sale price or higher cost. Option B ($380) miscalculates by not accurately applying the discount or cost. Option C ($590) likely reflects a misunderstanding of the profit calculation. Only option D correctly reflects the profit based on the sale price and cost.
Other Related Questions
What is the product of 2,2/3 and 3,3/8?
- A. 5,5/11
- B. 6,1/24
- C. 7
- D. 9
Correct Answer & Rationale
Correct Answer: D
To find the product of 2,2/3 and 3,3/8, first convert the mixed numbers to improper fractions. 2,2/3 becomes 8/3 and 3,3/8 becomes 27/8. Multiplying these fractions gives (8/3) * (27/8) = 216/24 = 9. Option A (5,5/11) and Option B (6,1/24) are incorrect as they do not represent the product of the two numbers. Option C (7) is also incorrect, as it is less than the calculated product. Thus, the only valid result from the multiplication is 9, confirming the correct answer.
To find the product of 2,2/3 and 3,3/8, first convert the mixed numbers to improper fractions. 2,2/3 becomes 8/3 and 3,3/8 becomes 27/8. Multiplying these fractions gives (8/3) * (27/8) = 216/24 = 9. Option A (5,5/11) and Option B (6,1/24) are incorrect as they do not represent the product of the two numbers. Option C (7) is also incorrect, as it is less than the calculated product. Thus, the only valid result from the multiplication is 9, confirming the correct answer.
If 22,1/3% of a number n is 938, then n must be?
- A. 281,400
- B. 42,000
- C. 4,960
- D. 4,200
Correct Answer & Rationale
Correct Answer: D
To find the number \( n \), we start by converting \( 22 \frac{1}{3} \% \) to a decimal. This percentage equals \( \frac{67}{3} \% \), or \( \frac{67}{300} \) in decimal form. Setting up the equation \( \frac{67}{300} n = 938 \) allows us to solve for \( n \). Multiplying both sides by \( \frac{300}{67} \) gives \( n = 938 \times \frac{300}{67} = 4,200 \). Option A (281,400) is too high, as it would imply a much larger percentage. Option B (42,000) miscalculates the percentage relation. Option C (4,960) is incorrect, as it does not satisfy the equation derived from the percentage calculation.
To find the number \( n \), we start by converting \( 22 \frac{1}{3} \% \) to a decimal. This percentage equals \( \frac{67}{3} \% \), or \( \frac{67}{300} \) in decimal form. Setting up the equation \( \frac{67}{300} n = 938 \) allows us to solve for \( n \). Multiplying both sides by \( \frac{300}{67} \) gives \( n = 938 \times \frac{300}{67} = 4,200 \). Option A (281,400) is too high, as it would imply a much larger percentage. Option B (42,000) miscalculates the percentage relation. Option C (4,960) is incorrect, as it does not satisfy the equation derived from the percentage calculation.
If a number rounded to the nearest hundredth is 9.99, which of the following could be the number?
- A. 9.845
- B. 9.983
- C. 9.992
- D. 9.998
Correct Answer & Rationale
Correct Answer: C
Rounding to the nearest hundredth means looking at the third decimal place to determine if the second decimal place should round up or stay the same. For a number rounded to 9.99, the possible range is 9.985 to 9.995. Option A (9.845) rounds to 9.84, which is outside the range. Option B (9.983) rounds to 9.98, also outside the range. Option D (9.998) rounds to 10.00, exceeding the upper limit. Option C (9.992) falls within the range and correctly rounds to 9.99, making it the only viable option.
Rounding to the nearest hundredth means looking at the third decimal place to determine if the second decimal place should round up or stay the same. For a number rounded to 9.99, the possible range is 9.985 to 9.995. Option A (9.845) rounds to 9.84, which is outside the range. Option B (9.983) rounds to 9.98, also outside the range. Option D (9.998) rounds to 10.00, exceeding the upper limit. Option C (9.992) falls within the range and correctly rounds to 9.99, making it the only viable option.
Fred worked 39.5 hours last week. Alice worked 6.75 fewer hours than Fred. How many hours did Alice work?
- A. 33.75 HOURS
- B. 33.25 HOURS
- C. 33.35 HOURS
- D. 33.85 HOURS
Correct Answer & Rationale
Correct Answer: A
To determine how many hours Alice worked, subtract the hours she worked less than Fred from Fred's total. Fred worked 39.5 hours, and Alice worked 6.75 hours fewer. Calculating this: 39.5 - 6.75 = 32.75 hours. However, this calculation is incorrect. The correct calculation should be: 39.5 - 6.75 = 32.75 hours. This means option A (33.75 hours) is incorrect. Option B (33.25 hours), C (33.35 hours), and D (33.85 hours) also do not match the correct calculation. Thus, none of the options are correct based on the provided data.
To determine how many hours Alice worked, subtract the hours she worked less than Fred from Fred's total. Fred worked 39.5 hours, and Alice worked 6.75 hours fewer. Calculating this: 39.5 - 6.75 = 32.75 hours. However, this calculation is incorrect. The correct calculation should be: 39.5 - 6.75 = 32.75 hours. This means option A (33.75 hours) is incorrect. Option B (33.25 hours), C (33.35 hours), and D (33.85 hours) also do not match the correct calculation. Thus, none of the options are correct based on the provided data.