a furniture store purchased a dining room tab...
a furniture store purchased a dining room table and marked it up 150% from the original cost of $456. a week later, the store placed the dining room table on sale for 30% off. what was the discount price? $
Answer
# Explanation:
## Step1: Calculate the marked - up price
The original cost is $456. Marking it up 150% means the new price is the original price plus 150% of the original price. The marked - up price $P_1$ is $P_1=(1 + 1.5)\times456=2.5\times456 = 1140$.
## Step2: Calculate the discount price
The store gives a 30% discount. So the discount price $P_2$ is $(1 - 0.3)\times P_1$. Substitute $P_1 = 1140$ into the formula, we get $P_2=0.7\times1140 = 798$.
# Answer:
798