The Animal Adventure zoo gift shop sells stuffed animal toys. Its stuffed giraffe has asuggested retail price of $19.95. The zoo initially priced it at $17.99, but it is now markeddown to $13.50. At other zoos, this same stuffed giraffe is priced at $15.99. An AnimalAdventure zoo customer purchases the giraffe for $13.50 from the gift shop. At what priceshould Animal Adventure record the sale?a. $13.50b. $15.99c. $17.99d. $19.95
The Animal Adventure zoo gift shop sells stuffed animal toys. Its stuffed giraffe has asuggested retail price of $19.95. The zoo initially priced it at $17.99, but it is now markeddown to $13.50. At other zoos, this same stuffed giraffe is priced at $15.99. An AnimalAdventure zoo customer purchases the giraffe for $13.50 from the gift shop. At what priceshould Animal Adventure record the sale?a. $13.50b. $15.99c. $17.99d. $19.95
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The Animal Adventure zoo gift shop sells stuffed animal toys. Its stuffed giraffe has a
suggested retail price of $19.95. The zoo initially priced it at $17.99, but it is now marked
down to $13.50. At other zoos, this same stuffed giraffe is priced at $15.99. An Animal
Adventure zoo customer purchases the giraffe for $13.50 from the gift shop. At what price
should Animal Adventure record the sale?
a. $13.50
b. $15.99
c. $17.99
d. $19.95
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