Question

PLZ HELP….

A music store originally purchased a piano at a cost of $892.03 and marked it up 125%. After a few weeks,
however, the store discounted the piano 50% in order to make room for new merchandise. What was the
discounted price?

Answer 1

$557.52

Explanation:

Solve for marked up price:

892.03 × 1.25

1115.0375

Solve for discounted price:

1115.0375 × 0.50

557.51875

Round up to nearest hundredths place:

557.52

Your answer may vary depending on if you rounded your first answer (1115.0375), but it should be only a decimal or two off from my final answer.

Answer 2

The answer should be 1003.53