Question

a store purchased a digital camera and marked it up 100% from the original cost of $863.57. a week later, the store placed the digital camera on sale for 40% off. what was the discount price?

Explanation:

Step1: Calculate marked-up price

First, find the price after a 100% markup. A 100% markup means the price doubles.
$\$863.57 \times (1 + 100\%) = \$863.57 \times 2 = \$1727.14$

Step2: Calculate discount price

Next, apply a 40% discount to the marked-up price. This means the customer pays 60% of the marked-up price.
$\$1727.14 \times (1 - 40\%) = \$1727.14 \times 0.6 = \$1036.284$
Round to the nearest cent for currency.

Answer:

$\$1036.28$