Question

Suppose that an item regularly costs $100.00 and is discounted 22%. If it is then marked up 22%, is the resulting price $100.00? If not, what is it? Choose the correct answer below and, if necessary, fill in the answer box to complete your choice.

Answer 1

Suppose that an item regularly costs $100.00 and is discounted 22%. If it is then marked up 22%, is the resulting price $100.00? If not, what is it? Choose the correct answer below and, if necessary, fill in the answer box to complete your choice.​

1)

we have

100%-22%=78%=78/100=0.78

so

If is discounted 22%

the new price is 100,000*0.78=$78,000

2) If it is then marked up 22%

the new price is

100%+22%=122%=122/100=1.22

78,000*1.22=$95,160

therefore

The new price is not $100,000

the new price is $95,160