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A store pay $120 for a bicycle. The store has a 60% markup policy. What is the selling price of the bicycle? (answer $192)
Use your answer from the above question to help answer this question!! The store is now going out of business and is selling all of the bicycles at a 30% discount. What is the sale price of the bicycle? (answer $134.4)
Use the information from the last two questions to help you answer this question. Will the store make money or lose money on the bicycle? How much?
The store will make money for each option/event. For the first option, the store will earn extra $72. For the second option, the store will earn extra $14.4.
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