Question

4) Choose the best answer.
Who assisted General Washington in training the army at Valley Forge?
General John Burgoyne
General Barry St. Leger
General Baron von Steuben
General Benedict Arnold
Answer
Mr. Akhter is a businessman. He has just opened a gift store in a busy city area. He purchases all the goods at a wholesale price, but he wants to make the retail price 16.5% higher than the wholesale price. He also has to account for 8.75% sales tax on the retail price before displaying the final price tag on the gift item. If Mr. Akhter sells a cute Barbie doll to a customer for $19.95, which of the following price could be wholesale price of Barbie doll?
(A) $9.13
(B) $10.35
(C) $14.25
(D) $15.75
Answered by GPT 3.5
General Baron von Steuben
Answered by GPT 3.5
To find the wholesale price of the Barbie doll, we need to work backwards.

First, we need to remove the sales tax of 8.75% from the retail price of $19.95.

$19.95 - (8.75% * $19.95) = $19.95 - $1.74 = $18.21

Now, we need to calculate what the wholesale price would be, which is 16.5% less than the retail price.

$18.21 / (1 + 16.5%) = $18.21 / 1.165 = $15.63

Among the answer choices, the closest value to $15.63 is (D) $15.75. Therefore, D is the best answer.