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A garden store bought a fountain at a cost of $995.66 and marked it up 100%. Later on, the store marked it down 25%. What was the discount price?

Sagot :

sqdancefan

Answer:

  $1493.49

Step-by-step explanation:

  marked price = cost price + markup

  = cost price + 100% × cost price = 2×cost price

  marked price = 2($995.66) = $1991.32

The discount is 25% of this value, or ...

  discount = 25% × $1991.32 = $497.83

Then the discounted price is ...

  discounted price = marked price - discount

  = $1991.32 -497.83 = $1493.49

The discounted price was $1493.49.

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Additional comment

In terms of multiplying factors, the marked-up price is (1 +100%) = 2 times the original cost. The discounted price is (1 -25%) = 0.75 times the marked-up price. Then the discounted price is ...

  cost(2)(0.75) = 1.5·cost = 1.5·$995.66 = $1493.49

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