Answer:
$5.82
Explanation:
A markup or markdown of p% on a price causes that price to be multiplied by ...
(1 + p/100)
The price after the markup 115% is ...
$7.74(1 + 115/100)
And the price after that has been marked down 65% is ...
$7.74(1 +115/100)(1 -65/100) = $7.74×2.15×0.35 ≈ $5.82
The discount price was $5.82.