Question

At the beginning of March, a store bought a rake at a cost of 9$ and marked it up 130%. At the end of the month, the rake had not sold, so the store marked it down 50%. What is the discounted price?

Answer 1

the new discounted price is $5.85

Explanation:

First convert 130% into a decimal: 130 ÷ 100 = 1.3

Next multiply 1.3 by 9: 9 x 1.3 = 11.7

Then convert 50% into a decimal: 50 ÷ 100 = 0.5

Last multiply 11.7 by 0.5: 11.7 x 0.5 = 5.85