Question

Create two scenarios that reflect either a markup or markdown in price. For each scenario, write two equations to solve for the new price.

Answer 1

Answer: see below!!

Explanation:

SCENARIO #1

A store sold a cookie for $1, then markedup the price by 30%. What was the new price?

Step 1

Find 30% of 1= 0.30x1= 0.30

Step 2: Add it to the original price

1+0.30= $1.30

New cost= $1.30

SCENARIO #2

Samantha is selling a house for 2,000,000 (2 million) dollars. After a few years, Ryan puts the price down by 42%. What is the markeddown price?

42% of 2,000,000= 840,000

2,000,000-840,000= 1,160,000

The new price is $1,160,000.

Hope this helps :)) And i know this got answered late but if i could get brainiliest id appreciate it :D