Test_Prep
ASVAB · Question #79
A technology reseller purchasing agent procured 20 mid-brand DVD players for the listed wholesale price of $80 each. He receives a 25% discount because he is an established customer and friend of…
The correct answer is D. $36. See the full explanation below for the reasoning.
Question
A technology reseller purchasing agent procured 20 mid-brand DVD players for the listed wholesale price of $80 each. He receives a 25% discount because he is an established customer and friend of the wholesale dealer. His store then sells these DVD players at a 20% markup above the original wholesale price. What is the store's profit margin on each DVD player?
Options
- A$16
- B$72
- C$20
- D$36
How the community answered
(23 responses)- A13% (3)
- B4% (1)
- C9% (2)
- D74% (17)
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