Question

At the beginning of March, a store bought a leather couch at a cost of $960.70 and marked it up 20%. At the end of the month, the leather couch had not sold, so the store marked it down 25%. What was the discounted price? Submit​

Answer 1

Answer: $864.63

Explanation:

First find the original price. Write 20% as the decimal 0.20 before using it in the equation.

price

= cost+mark-up

= 960.70+0.20×960.70

= 960.70+192.14

= 1,152.84

The original price was $1,152.84.

Now find the discount price. Write 25% as the decimal 0.25 before using it in the equation.

discount price

= original price–discount

= 1,152.84–0.25×1,152.84

= 1,152.84–288.21

= 864.63

The discount price was $864.63.