Question

During a sale, a store offered a 20% discount on a bed that originally sold for $360. after the sale, the discounted price of the bed was marked up by 20%. to the nearest whole number, what percent of the original price was the price after markup?

Answer 1

To find the percent of the original price after a markup, calculate the discounted price, then add the markup, and finally calculate the percent of the original price.

Step-by-step explanation:

To find the percent of the original price after the markup, we need to follow these steps:

1. Calculate the discounted price of the bed by applying the 20% discount. 20% of $360 is $72, so the discounted price is $360 - $72 = $288.
2. Calculate the price after the markup by adding 20% of the discounted price. 20% of $288 is $57.60, so the price after the markup is $288 + $57.60 = $345.60.
3. Calculate the percent of the original price by dividing the price after markup by the original price and multiplying by 100. ($345.60/$360) * 100 ≈ 96.00, rounded to the nearest whole number.

Therefore, the price after markup is approximately 96% of the original price.