Question

A store purchased a plasma screen TV for $770 and marked it up 150%. During a sale, the store marked it down 20%. What was the discount price on the plasma screen TV?​

Answer 1

Solution given:

cost price [c.p] of TV =$770

MP=c.p+ 150% of c.p=$770+150/100×770=$1925

discount [D]=20%

now

discount amount=D% of MP=20/100×1925=$385 is your answer.

$385 was the discount price on the plasma screen TV.

Answer 2

1540

Explanation:

First find the new price after the markup

The markup is

770 * 150%

770 * 1.5

1155

Add this to the original price

770 + 1155

1925

Now find the discount

1925*20%

1925*.20

385

Subtract this amount from the 1925

1925-385

1540

The final price is 1540