Question

Suppose that an item regularly costs $100.00 and is discounted 31%. If it is then marked up 31%, is the resulting price $100.00? If not, what is it?

Answer 1

The resulting price is not $100.

Resulting price = $90.39

Check Explanation for more insights.

Step-by-step explanation

To know if the resulting price will remain at $100, we need to do this for ourselves

Regular price = $100

Discount = 31% of $100 = 0.31 (100) = $31

New price = (Regular price) - (Discount) = 100 - 31 = $69

This new price is then marked up by 31%

New price = $69

Markup = 31% of $69 = 0.31 (69) = $21.39

Resulting price = (New price) + (Markup) = 69 + 21.39 = $90.39

We can see that the resulting price is not $100.

Resulting price = $90.39

Hope this Helps!!!