a supermarket purchases chickens wholesale from a farm for $4 each. the store then marks up the chickens…

a supermarket purchases chickens wholesale from a farm for $4 each. the store then marks up the chickens 50%. after 10:00 p.m., the supermarket marks down the price of the chickens by 50% to make sure they all sell before the store closes. which statements are true about the price of a chicken? check all that apply. the marked up price of a chicken is $6 before 10:00 p.m. the 50% markdown is taken off the marked - up price. the chickens sell for $4 after 10:00 p.m., because the 50% markup and 50% markdown cancel each other out. the 50% markdown is taken off the $4 wholesale price.

a supermarket purchases chickens wholesale from a farm for $4 each. the store then marks up the chickens 50%. after 10:00 p.m., the supermarket marks down the price of the chickens by 50% to make sure they all sell before the store closes. which statements are true about the price of a chicken? check all that apply. the marked up price of a chicken is $6 before 10:00 p.m. the 50% markdown is taken off the marked - up price. the chickens sell for $4 after 10:00 p.m., because the 50% markup and 50% markdown cancel each other out. the 50% markdown is taken off the $4 wholesale price.

Answer

Explanation:

Step1: Calculate marked - up price

The cost price of a chicken is $4. A 50% markup means we find 50% of 4 and add it to 4. 50% of 4 is $0.5\times4 = 2$. So the marked - up price is $4 + 2=6$ dollars.

Step2: Analyze markdown

The 50% markdown is taken off the marked - up price of $6$ (not the wholesale price of $4$). 50% of 6 is $0.5\times6 = 3$. So the price after markdown is $6-3 = 3$ dollars.

Answer:

The marked up price of a chicken is $6$ before 10:00 p.m. - True The 50% markdown is taken off the marked - up price. - True The chickens sell for $4$ after 10:00 p.m., because the 50% markup and 50% markdown cancel each other out. - False The 50% markdown is taken off the $4$ wholesale price. - False