Question

During a sale, a store offered a 15% discount on a tablet computer that originally sold for $460. After the sale, the discounted price of the tablet computer was marked up by 15%. To the nearest whole number, what percent of the original price was the price after markup?

Answer 1

The percent of the original price after markup is 98%

Mark up and discounts

Given the following parameters

• Original price of tablet = $460

If during a sale, a store offered a 15% discount on a tablet, the new price after discount will be:

New price = 0.85 * 460

• New price = $391

If the tablet computer was marked up by 15% after the discount, then the price after the markup is given as:

• Price after markup = 1.15 * 391
  Price after markup = $450

To get the required percent;

x% of 460 = 450
x% = 450/460

x% = 0.978

x = 98%

Hence the percent of the original price after markup is 98%

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