Question

A store purchased a set of golf clubs for $90.70 and marked it up 150%. During a sale, the

store marked it down 80%. What was the discount price of the set of golf clubs?

Answer 1

$181.4

Explanation:

Note,

• purchase price = $90.70.

• initial markup of 150% = $90.70 * (150% or 150/100) + $90.70 = $226.75 ($136.05 + $90.70). Hence, this became the intended sale price wanted by the store.
• mark down (-) 80% = $226.75 * (80% or 80/100) = $181.4.

Therefore, the store applied a discount price of $181.4 to the set of golf clubs.