Answer: $1493.49
Explanation:
Mark-up formulas:
price=cost+mark-up
mark-up=mark-up percentage×cost
Discount formulas:
discount price=original price–discount
discount=discount percentage×original price
solve
First find the original price. Write 100% as the decimal 1.00 before using it in the equation.
price
= cost+mark-up
= 995.66+1.00×995.66
= 995.66+995.66
= 1,991.32
The original price was $1,991.32.
Now find the discount price. Write 25% as the decimal 0.25 before using it in the equation.
discount price
= original price–discount
= 1,991.32–0.25×1,991.32
= 1,991.32–497.83
= 1,493.49
The discount price was $1,493.49.