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Math  /  Numbers & Operations

Questionomotion - Traditional Media Math Quiz
UESTION 3 of 10: Your store cost on a dozen eggs is $0.75\$ 0.75, and your retail price is $2.99\$ 2.99. You are having a promotion that discounts the ggs 10%10 \%. What is your margin on the discounted eggs? a) $1.50\$ 1.50 b) $1.75\$ 1.75 c) $1.94\$ 1.94 d) $2.06\$ 2.06 Submit Q2024 Knowledge Matters, Inc.

Studdy Solution

STEP 1

1. The cost to the store for a dozen eggs is $0.75 \$0.75 .
2. The retail price before discount is $2.99 \$2.99 .
3. The discount on the retail price is 10% 10\% .
4. The margin is calculated as the difference between the discounted retail price and the store cost.

STEP 2

1. Calculate the discount amount.
2. Determine the discounted retail price.
3. Calculate the margin on the discounted eggs.

STEP 3

Calculate the discount amount by multiplying the retail price by the discount percentage.
Discount Amount=0.10×2.99\text{Discount Amount} = 0.10 \times 2.99

STEP 4

Perform the multiplication to find the discount amount.
Discount Amount=0.299\text{Discount Amount} = 0.299

STEP 5

Subtract the discount amount from the original retail price to find the discounted retail price.
Discounted Retail Price=2.99−0.299\text{Discounted Retail Price} = 2.99 - 0.299

STEP 6

Perform the subtraction to find the discounted retail price.
Discounted Retail Price=2.691\text{Discounted Retail Price} = 2.691

STEP 7

Calculate the margin by subtracting the store cost from the discounted retail price.
Margin=2.691−0.75\text{Margin} = 2.691 - 0.75

STEP 8

Perform the subtraction to find the margin.
Margin=1.941\text{Margin} = 1.941
The margin on the discounted eggs is approximately:
$1.94\boxed{\$1.94}

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