Use Structure A shoe store buys packs of socks wholesale for $5 each and marks them up by 40%. The store decides to discount the packs of socks by 40%. Is the discounted price $5?



Multiple choice question.
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A)
yes; The packs of socks are marked up to $7 and then discounted to $5.

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B)
yes; The packs of socks are marked up to $9 and then discounted to $5.

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C)
no; The packs of socks are marked up to $7 and then discounted to $4.20.

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D)
no; The packs of socks are marked up to $5.20 and then discounted to $4.99.