Question
Read the case below and answer the question that follows. At the start of the academic year, you decide to purchase a new computer printer
Read the case below and answer the question that follows.
At the start of the academic year, you decide to purchase a new computer printer for college. After reviewing various alternatives, you select the EZ100 due to its superior print quality and are now looking for which retailer offers the best price.
Different stores have different deals, plus the manufacturer was offering a $30 mail-in post-purchase rebate. You determined from the EZ website that the manufacturer suggested retail price for the printer was $349, but one online store had it listed for $299. The online store also offered free shipping, which you figured would have cost $20. In addition, the online store included a USB cord necessary to connect the printer to your laptop, which was priced at $25 on EZ's website. While the online store paid for shipping, there was a $5 fee to insure the printer during shipping. Finally, the online store offered a special back to school coupon on this printer that was good for an additional $10 off the price of this printer.
What was the final price for the printer?
A.$219
B.$229
C.$254
D.$259
E.$264
Assuming that the stores cost for the printer and the USB cord was 50 percent of its list price and that shipping was set at its cost, how much profit did the online store make on the sale of this printer?
A.$112
B.$132
C.$264
D.$274
E.$294
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