Question

During a sale, a store offered a 30% discount on a bed that originally sold for $580. After the sale, the discounted price of the bed was marked up by 30%. What was the price of the bed after the markup? Round to the nearest cent.

Answer 1

Determine the cost of bed after discount.

`\begin{gathered} C=580-(30)/(100)\cdot580 \\ =580-174 \\ =406 \end{gathered}`

Determine the price of the bed after the price is marked up.

`\begin{gathered} C^(\prime)=406+406\cdot(30)/(100) \\ =406+121.8 \\ =527.8 \end{gathered}`

So price of bed after markup is $527.8.