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