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
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-> 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
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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
