<PRE><B>Question 1020181</B>
The regular selling price is $98
After marking down by 25%, the
selling price is:
{{{ 98 - .25*98 }}}
{{{ 98 - 24.5 = 73.5 }}}
$73.50
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(a)
What is the normal % markup based on cost?
Let {{{ x }}} = the FRACTION of the markup
{{{ 60 + x*60 = 98 }}}
{{{ x*60 = 38 }}}
{{{ x = 38/60 }}}
{{{ x = .6333 }}}
The % markup is:
{{{ .6333*100 = 63.333 }}}
63 and 1/3 %
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(b)
The reduced sale price is $73.50
( from above work )
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(c)
{{{ 98 - 73.5 = 24.5 }}}
The item was marked down by $24.50</PRE>