SOLUTION: Due to higher leather costs, the price of a $300 designer coat went up by 25%. A few months later, the coat went clearance sale at 25% off. what is the final price of the coat? did

Question 762407: Due to higher leather costs, the price of a $300 designer coat went up by 25%. A few months later, the coat went clearance sale at 25% off. what is the final price of the coat? did you get anything unexpected? why or why not?.. need help plz..
Answer by Stitch(470) (Show Source): You can put this solution on YOUR website!
The coat strated at $300.
Divide a percentage by 100 to get the decimal value.
25%/100 = 0.25

The price went up to 375.

At the clearance sale the coat was down to $281.25. That means that it was under the original value of the coat. This is because the larger the number, the higher the same percentage would be. For example 25% of 1 is 0.25. But 25% of 4 is 1.
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