Question

The wholesale cost of a new sofa is $330 . The price of the sofa is marked up 30% before putting it on the showroom floor. During a showroom sale, the sofa was marked down 30% . What is the price of the sofa now? Round your answer to the nearest dollar, if necessary.

Answer 1

The wholesale cost of a new sofa is $330. The price of the sofa is increased by 30% before putting it in the showroom.

cost before put it in showroom.:

330+(330*30)/100=$429

During a showroom sale, the sofa was reduced by 30%. What is the price of the sofa now

429-(429*30)/100=$300.3=$300

Answer 2

$300.30

Explanation:

cost to store = $330

selling price = $330 + 30% of $330 = $330 + 0.3 × $330 = $330 + $99 = $429

The discount is 30% of the regular selling price, so the discounted price is 70% of the regular selling price since 100% - 30% = 70%

discounted price after 30% discount = 70% of $429 = 0.7 × $429 = $300.30

Answer: $300.30