16
QuizMultiple Choice

Markup and Markdown

Question 16 • FowU - Financial Math - B

In order to clear out room for new merchandise, James decided to mark down some of the items for sale in his electronics store. He marked down DVD players by 36%, and he marked down stereo tuners by 22%. If DVD players cost $41.60 after the markdown and stereo tuners cost $69.42 after the markdown, which item’s price was reduced by more, and by how many dollars more was it reduced? Round all dollar values to the nearest cent.

Answer
A
The DVD player’s price was reduced by $3.82 more than the stereo tuner’s price.
B
The DVD player’s price was reduced by $27.82 more than the stereo tuner’s price.
C
The stereo tuner’s price was reduced by $0.29 more than the DVD player’s price.
D
The stereo tuner’s price was reduced by $27.53 more than the DVD player’s price.
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