Question

During a clearance sale, an appliance department marked down a microwave oven by 12%, making the selling price AED 400. At this selling price, the department made a 30% mark-up on the selling price. Find:

A) (a) AED 455, (b) AED 320, (c) 12%
B) (a) AED 455, (b) AED 320, (c) 30%
C) (a) AED 455, (b) AED 285, (c) 30%
D) (a) AED 455, (b) AED 320, (c) 42%

Answer 1

To find the original price of the microwave oven, we can use the information given about the markdown and mark-up. By solving an equation, the original price is found to be approximately AED 454.55.

Step-by-step explanation:

In this question, we are given that a microwave oven was marked down by 12% and sold at a price of AED 400. We are also told that at this selling price, a 30% mark-up was made on the selling price. Using this information, we can find the original price of the microwave oven.

Let's assume the original price of the microwave oven is x AED. We know that after a 12% markdown, the selling price is AED 400. This can be represented as: x - 0.12x = 400

Simplifying this equation, we get:

0.88x = 400

x = 400 / 0.88

x ≈ 454.55 AED

Therefore, the original price of the microwave oven was approximately AED 454.55.