Question

Suppose that an item regularly costs $100.00 and is discounted 15%. If it is then marked up 15%, is the resulting price $100.00? If not, what is it? Choose the correct answer below and, if necessary, fill in the answer box to complete your choice.

Answer 1

Suppose that an item regularly costs $100.00 and is discounted 15%. If it is then marked up 15%, is the resulting price $100.00? If not, what is it? Choose the correct answer below and, if necessary, fill in the answer box to complete your choice.​

1) 100%-15%=85%=85/100=0.85

If is discounted 15%

the new price is

100,000*0.85=$85,000.00

2) f it is then marked up 15%

100%+15%=115%=115/100=1.15

the new price is

1.15*85,000=$97,750.00

therefore

the resulting price is not $100,000

the resulting price is $97,750.00