A store is selling a green rug for $54.50 and a white rug for $31.85. The green rug is marked down by 12%, and the white rug is marked up by 16%. After the markup and markdown, which rug is more expensive, and how much more expensive is it? Round all dollar values to the nearest cent.
Answer
A
The white rug is $1.09 more expensive than the green rug.
B
The white rug is $5.35 more expensive than the green rug.
C
The green rug is $1.44 more expensive than the white rug.
D
The green rug is $11.01 more expensive than the white rug.
Explanation
A 12% markdown means the green rug costs 88% of $54.50: $54.50 × 0.88 = $47.96. A 16% markup means the white rug costs 116% of $31.85: $31.85 × 1.16 = $36.95 when rounded to the nearest cent. The green rug is more expensive by $47.96 − $36.95 = $11.01, so the correct choice is “The green rug is $11.01 more expensive than the white rug.”
AI-written and checked against the verified answer.