Question

During a sale, a store offered a 30% discount on a stereo system that originally sold for $710. After the sale, the discounted price of the stereo system was marked up by 30%. What was the price of the stereo system after the markup? Round to the nearest cent.

Answer 1

During the sale, the stereo system was sold for 30% less than its original price of $710, so the discount amount was:

0.30 x $710 = $213

Therefore, the sale price of the stereo system was:

$710 - $213 = $497

After the sale, the discounted price of $497 was marked up by 30%. The markup amount is:

0.30 x $497 = $149.10

So the final price of the stereo system after the markup is:

$497 + $149.10 = $646.10

Therefore, the price of the stereo system after the markup is $646.10.