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

Algebra ->  Coordinate Systems and Linear Equations  -> Lessons -> 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       Log On


   

Question 779520: 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?
Found 2 solutions by josmiceli, rickkampen:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Going up by 25% means the coat sold for
+300+%2B+.25%2A300+
+300%2A%28+1+%2B+.25+%29+
+1.25%2A300+=+375+
------------------
25% off this price is:
+375+-+.25%2A375+
+375%2A%28+1+-+.25+%29+
+.75%2A375+=+281.25+
The final price is $281.25
Gaining 25% and then losing 25% did
not result in going back to the
$300 original price


Answer by rickkampen(1) About Me  (Show Source):
You can put this solution on YOUR website!
$300×1.25=$375 $375×.75=$281.25
For a cost increase of 25% you multiply the original value as shown. (300×1)=300+(300×.25)=300+75=375
375@25% off=375×.75 which =281.25
Am not sure of the question of anything expected or otherwise.