SOLUTION: A trader raised the price of a P100-item by 20 percent. After finding that he cannot sell the item at the higher price, ye discounts it by 20 percent. What is the final price of th

Question 907716: A trader raised the price of a P100-item by 20 percent. After finding that he cannot sell the item at the higher price, ye discounts it by 20 percent. What is the final price of the item?
a.96
b.97
c.98
d 99
e.100
Answer by KMST(5328) (Show Source): You can put this solution on YOUR website!
If the original price was 100,
increasing it by 20% brings it to 120.
If a 20% discount is then applied to the new, higher price,
the item is discounted by 24,
and the final price is 120-24=96
RELATED QUESTIONS
1. A traders raises the price of a... (answered by richwmiller)

A merchant was selling an item at a certain price, and then markes it down 20% for a... (answered by josmiceli)

paid $85 for an item after she received a 20% discount. What was the original price of... (answered by addingup,fractalier)

what was the original price of an item if a discount of 20 percent reduced the price to... (answered by richwmiller)

if the price of an item A is 25%less than that of the item B.how much percent is the... (answered by JulietG)

A retailer buys a batch of 50 items of a product for 10 000 �. He then sets a price so... (answered by MathLover1)

A store is discounting all regularly priced items by 25 percent Find a function f that (answered by rfer)

An item costs 423.00 at a 10% reduction. What is the original price of the... (answered by vianix15)

After a 20% decrease in price,the cost of all item is D dollars.what is the original... (answered by jorel555)