Question

A music store originally purchased a piano at a cost of $892.03 and marked it up 125%. After a few weeks, however, the store discounted the piano 50% in order to make room for new merchandise. What was the discounted price?

Answer 1

$557.52

Explanation:

1. Find the marked up price.

125% = 1.25

$892.03 x 1.25 = $1,115.04

2. Find the discounted price.

50% = 0.5

$1,115.04 x 0.5 = $557.52

Answer 2

1003.54

Explanation:

Hope this helps! ;)