a garden store bought a fountain at a cost of $995.66 and marked it up 100%. later on, the store marked it…
a garden store bought a fountain at a cost of $995.66 and marked it up 100%. later on, the store marked it down 25%. what was the discount price?
Answer
Explanation:
Step1: Calculate marked - up price
The cost price is $995.66. Marking it up 100% means doubling the price. So the marked - up price is $995.66\times(1 + 1)=995.66\times2=$1991.32$.
Step2: Calculate discount price
The store marked it down 25%. The discount factor is $1-0.25 = 0.75$. So the discount price is $1991.32\times0.75=$1493.49$.
Answer:
$1493.49$