Question

A clothing bought a shirt from a manufacturer for $85 and marked up the price by 10% . A month later the store reduced the shirts price by 10% . What was the shirts price after that reduction

Answer 1

Answer: The shirt's price after reduction = $ 84.15

Explanation:

Given: Price of shirt= $ 85

Marked up percent = 10%

Reduced percent = 10%

Price after mark up = (Price of shirt) + 10% of (Price of shirt)

= $ (85+10% x 85)

= $ (85+(0.1) x (85))

= $ (85+8.5)

= $ 93.5

Price after 10% reduction = (Price after mark up)- 10% of (Price after mark up)

= $ (93.5-0.1 x 93.5)

= $ (93.5-9.35)

= $ 84.15

Hence, the shirt's price after reduction = $ 84.15