Chapter 8.III, Problem 23RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Solve the following word problems. Round dollars to the nearest cent and percents to the nearest tenth of a percent.

You have decided to purchase a set of four Good-Ride tires for your vehicle at the Tire Emporium.

a. If the original price of these tires is $160.00 each, what are the amount of the markdown with rebate per tire and the markdown percent if you get the rebate and pay cash?

b. What are the amount of the markdown per tire and the markdown percent if you decide to put the purchase on your Good-Ride credit card and get the double rebate?

c. When you purchased the set of four tires, you were offered an “Extra

" discount on the entire purchase if you also included wheel balancing at $5.75 per tire and a front-end alignment for $65.00. The sales tax in your state is

d. What are the advantages and disadvantages of using the credit card?

**(a)**

To determine

**To calculate:** The amount of Markdown and Markdown percent, for given, Original Selling Price is

Explanation

**Given Information:**

The Original Selling Price is

**Formula used:**

The amount of Markdown can be calculated using the following equation:

The Markdown Percent can be calculated using the following equation:

**Calculation:**

Consider the provided data, Original Selling Price

Assume,

The amount of Markdown without rebate is:

Substitute

**(b)**

To determine

**To calculate:** The amount of markdown and markdown percent, for given, original Selling Price is

**(c)**

To determine

**To calculate:** The total amount of purchase price, for given, Original Selling Price is

**(d)**

To determine

The advantage and disadvantage of using credit card.

Sect-8.I P-1TIESect-8.I P-2TIESect-8.I P-3TIESect-8.I P-4TIESect-8.I P-5TIESect-8.I P-6TIESect-8.I P-1RESect-8.I P-2RESect-8.I P-3RESect-8.I P-4RE

Sect-8.I P-5RESect-8.I P-6RESect-8.I P-7RESect-8.I P-8RESect-8.I P-9RESect-8.I P-10RESect-8.I P-11RESect-8.I P-12RESect-8.I P-13RESect-8.I P-14RESect-8.I P-15RESect-8.I P-16RESect-8.I P-17RESect-8.I P-18RESect-8.I P-19RESect-8.I P-20RESect-8.I P-21RESect-8.I P-22RESect-8.I P-23RESect-8.I P-24RESect-8.I P-25RESect-8.II P-7TIESect-8.II P-8TIESect-8.II P-11TIESect-8.II P-1RESect-8.II P-2RESect-8.II P-3RESect-8.II P-4RESect-8.II P-5RESect-8.II P-6RESect-8.II P-7RESect-8.II P-8RESect-8.II P-9RESect-8.II P-10RESect-8.II P-11RESect-8.II P-12RESect-8.II P-13RESect-8.II P-14RESect-8.II P-15RESect-8.II P-16RESect-8.II P-17RESect-8.II P-18RESect-8.II P-19RESect-8.II P-20RESect-8.II P-21RESect-8.II P-22RESect-8.II P-23RESect-8.III P-12TIESect-8.III P-13TIESect-8.III P-14TIESect-8.III P-15TIESect-8.III P-16TIESect-8.III P-1RESect-8.III P-2RESect-8.III P-3RESect-8.III P-4RESect-8.III P-5RESect-8.III P-6RESect-8.III P-7RESect-8.III P-8RESect-8.III P-9RESect-8.III P-10RESect-8.III P-11RESect-8.III P-12RESect-8.III P-13RESect-8.III P-14RESect-8.III P-15RESect-8.III P-16RESect-8.III P-17RESect-8.III P-18RESect-8.III P-19RESect-8.III P-20RESect-8.III P-21RESect-8.III P-22RESect-8.III P-23RECh-8 P-1CRCh-8 P-2CRCh-8 P-3CRCh-8 P-4CRCh-8 P-5CRCh-8 P-6CRCh-8 P-7CRCh-8 P-8CRCh-8 P-9CRCh-8 P-10CRCh-8 P-11CRCh-8 P-12CRCh-8 P-13CRCh-8 P-14CRCh-8 P-1ATCh-8 P-2ATCh-8 P-3ATCh-8 P-4ATCh-8 P-5ATCh-8 P-6ATCh-8 P-7ATCh-8 P-8ATCh-8 P-9ATCh-8 P-10ATCh-8 P-11ATCh-8 P-12ATCh-8 P-13ATCh-8 P-14ATCh-8 P-15AT

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