Question 208994: A computer is marked up 50 percent and then later marked down 30 percent. If the final price is $3,360 , the original price was:
(A)$ 2,240 (B)$3,200 (C) $4,200 (D)$4,800 (E)$5,600
Answer by Edwin McCravy(20060) (Show Source):
You can put this solution on YOUR website! A computer is marked up 50 percent and then later marked down 30 percent. If the final price is $3,360 , the original price was:
(A)$ 2,240 (B)$3,200 (C) $4,200 (D)$4,800 (E)$5,600
Its original price was x dollars.
When they marked it up 50%, they took 50% of x dollars, which
was .50x dollars and added that on to the original x dollars
and got this
x + .50x dollars
which is 1.00x + .50x dollars or 1.50x dollars.
When they marked 1.50x dollars down 30% they took 30% of 1.50x
dollars, which was .30(1.50x) or .45x dollars, and subtracted
that from 1.50x dollars,
and got
1.50x - .45x dollars
which is 1.05x dollars for the final price. Since we are
told that was 3360 dollars, then
So the correct answer is choice (B) $3,200
Edwin
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