Suppose that an item regularly costs $100.00 and is discounted 22%. If it is then marked up 22%, is the resulting price $100.00? If not, what is it? Choose the correct answer below and, if necessary, fill in the answer box to complete your choice.
1)
we have
100%-22%=78%=78/100=0.78
so
If is discounted 22%
the new price is 100,000*0.78=$78,000
2) If it is then marked up 22%
the new price is
100%+22%=122%=122/100=1.22
78,000*1.22=$95,160
therefore
The new price is not $100,000
the new price is $95,160
