The discounted price of the fountain was $1493.49
Mark up percentage is given by:
Mark up percentage = [(selling price - cost price)/cost price] * 100%
Given the store cost price of $995.66 it was marked up 100%, hence:
Mark up percentage = [(selling price - cost price)/cost price] * 100%
100% = [(selling price - 995.66)/995.66] * 100%
1 = [(selling price - 995.66)/995.66]
Selling price = $1991.32
It was then marked down 25%, let x represent the discount price, hence:
-25% = [(x - 1991.32)/1991.32]*100%
-0.25 = (x - 1991.32)/1991.32
x = 1493.49
Therefore, the discounted price of the fountain was $1493.49
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