Concept explainers
Solve Mark-up Applications In the following exercises, find (a) the amount of mark-up and (b) the list price.
Coupons Yvonne can use two coupons for the same purchase at her favorite department store. One coupon gives her $20 off and the other gives her 25% off. She wants to buy a bedspread that sells for $195.
(a) Calculate the discount price if Yvonne uses the $20 coupon first and then takes 25% off.
(b) Calculate the discount price if Yvonne uses the 25% off coupon first and then uses the 20% coupon.
(c) In which order should Yvonne use the coupons?
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