134k views
2 votes
A $100 MP3 player is marked up by 10% and then marked down by 10%. What is that final price?

1 Answer

5 votes

Answer:

$99

Explanation:

MP3 Player: $100

10% Mark up: $100/10= 10

Therefore, Mark-Up Price: $100+$10= $110

This was then Marked down by 10%.

Therefore,

10% Marked down: $110/10= $11

(We then take this away from the marked up price)

Hence, Final Price : $110-$11= $99

User Matthias Urlichs
by
3.6k points