Question

Suppose that an item regularly costs $100.00 and is discounted 24%. If it is then marked up 24%, is the resulting price $100.00? If not, what is it?

Answer 1

Given the cost of item =$ 100

If it is discounted 24%

So, the discount will be = 24% of 100 = 0.24 x 100 = $24

The cost after discount = 100 - 24 = $76

If it is marked up 24%

so, the rise will be = 24% of 76 = 0.24 x 76 = $18.24

The cost after marked up = 76 + 18.24 = $94.24

So, the answer is : No, and the cost will be = $94.24