Question

During a sale, a store offered a 30% discount on a bed that originally sold for $580. After the sale, the discounted price of the bed was marked up by 30%. What was the price of the bed after the markup? Round to the nearest cent.

Answer 1

Determine the cost of bed after discount.

$\begin{gathered} C=580-\frac{30}{100}\cdot580 \\ =580-174 \\ =406 \end{gathered}$

Determine the price of the bed after the price is marked up.

$\begin{gathered} C^{\prime}=406+406\cdot\frac{30}{100} \\ =406+121.8 \\ =527.8 \end{gathered}$

So price of bed after markup is $527.8.