Concept explainers
Solve Mark-up Applications In the following exercises, find (a) the amount of mark-up and (b) the list price.
Cash Back Jason can buy a bag of dog food for $35 at two different stores. One store offers 6% cash back on the purchase plus $5 off his next purchase.
The other store offers 20% cash back.
(a) Calculate the total savings from the first store, including the savings on the next purchase.
(b) Calculate the total savings from the second store.
(c) Which store should Jason buy the dog food from? Why?
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