A store marks up the cost of an item by to get the marked price, then sells it at off the marked price. The selling price is what percent greater than the cost?
Answer and explanation
Correct answer: C.
- Step 1: Let the cost price be . With a markup, the marked price is .
- Step 2: Apply the discount to the marked price: selling price is .
- Step 3: Compare selling price to cost: .
Answer
.
Why not the others: Subtracting the percentages directly () ignores that the discount applies to the higher marked price.
Practise more Percentages and percent change.
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