24
QuizMultiple Choice

N/A — Exam

Question 24 • Financial Math

An electronics store buys a smartphone for $⁢400 and marks it up by 75% They later decide to offer a 15% discount on the marked-up price. If 25 smartphones are sold, what is the total revenue?

Answer
A
8 dollars comma 500
B
14 dollars comma 875
C
17 dollars comma 500
D
15 dollars comma 950

Explanation

A 75% markup on $400 is $300, so the marked-up price is $400 + $300 = $700. After a 15% discount, each phone sells for $700 × 0.85 = $595. For 25 phones, total revenue is $595 × 25 = $14,875, so the correct choice is $14,875.

AI-written and checked against the verified answer.

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