The chart above shows the store's cost and list price for three models of stoves sold by an appliance store.
During a 20 percent off sale, Gene bought a Model Y stove from this store. How much profit did the store make on Gene's purchase? (Profit = Price paid - Store's cost)

Rationale

The store made a profit of $760 on Gene's purchase of the Model Y stove.

This is calculated by subtracting the store's cost for the Model Y stove from the price Gene paid during the 20 percent off sale.

A ($260) YOUR ANSWER

This option is incorrect because it does not accurately reflect the difference between the price Gene paid and the store's cost for the Model Y stove. It seems to consider the 20% off sale but doesn't accurately represent the store's profit.

B ($380) YOUR ANSWER

This choice is incorrect as it doesn't accurately depict the profit made by the store on Gene's purchase of the Model Y stove. It may be a result of incorrectly calculating the discount or misunderstanding the profit calculation.

C ($590) YOUR ANSWER

This option is also incorrect. It seems to result from an incorrect calculation of the discount on the list price or an inaccurate calculation of the profit itself.

D ($760) CORRECT

This is the correct answer. It accurately reflects the profit made by the store on Gene's purchase of the Model Y stove after the 20% discount on the list price.

Conclusion

In determining the profit made from the sale of an item, it is crucial to subtract the store's cost from the actual price paid by the customer. In this case, with Gene purchasing the Model Y stove during a 20 percent off sale, the store made a profit of $760. This amount is obtained by subtracting the store's cost from the discounted price paid by Gene. The other options are incorrect as they do not accurately represent the profit calculation based on the given information.

The chart above shows the store's cost and list price for three models of stoves sold by an appliance store. During a 20 percent off sale, Gene bought a Model Y stove from this store. How much profit did the store make on Gene's purchase? (Profit = Price paid - Store's cost)

The store made a profit of $760 on Gene's purchase of the Model Y stove.

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The chart above shows the store's cost and list price for three models of stoves sold by an appliance store.
During a 20 percent off sale, Gene bought a Model Y stove from this store. How much profit did the store make on Gene's purchase? (Profit = Price paid - Store's cost)