Asked by Brian Lynch on May 12, 2024
Verified
A store is offering a 30% discount on all items in its inventory. Write an equation of the line giving the sales price S for an item in terms of its list price L .
A) S=−0.7L\mathrm { S } = - 0.7 LS=−0.7L
B) S=−29LS = - 29 LS=−29L
C) S=0.7LS = 0.7 LS=0.7L
D) S=1.3LS = 1.3 LS=1.3L
E) S=−2LS = - 2 LS=−2L
Sales Price
The amount for which a product is sold to the customer, excluding any discounts or taxes.
List Price
The suggested retail price of a product set by the manufacturer, before any discounts or promotions.
Inventory
The total amount of goods and materials held in stock by a business, warehouse, or point of sale.
- Calculate discounts and sales prices using percent calculations.
Verified Answer
DH
DANNI HUANGMay 13, 2024
Final Answer :
C
Explanation :
Since the store is offering a 30% discount, the sale price S will be equal to 70% of the list price L. We can represent this mathematically as:
S = 0.7L
Therefore, the correct choice is C).
S = 0.7L
Therefore, the correct choice is C).
Learning Objectives
- Calculate discounts and sales prices using percent calculations.
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