SOA Exam P Sample Question 415
Study guide: Exam P-1
A specialty store sells only baby carriages and car seats. The price of a baby carriage is 300 and the price of a car seat is 100. The proprietor knows that 60% of the people stopping at the store do not make a purchase, 20% buy a baby carriage, and 35% buy a car seat. No customer buys more than one of each item. If a customer buys both a baby carriage and a car seat, the proprietor gives a 10% discount on the total.
Calculate the revenue the proprietor expects on a day that 200 people come to the store.
- A)
8{,}200 - B)
17{,}800 - C)
18{,}400 - D)
18{,}440 - E)
29{,}800
Answer this question and see the worked solution