Retailers often raise the price of their products at a certain percentage and then mark them down at a different percenatge, just so that the sale price appears better than it actually is. Suppose a retailer raises the price of an item by 20% and then puts the item on sale for 30%. If the final price after both changes is $15.12, what was the original price before both changes? What was the actually percantage that was taken off after both changes?

Retailers often raise the price of their products at a certain percentage and then mark them down at a different percenatge, just so that the sale price appears better than it actually is. Suppose a retailer raises the price of an item by 20% and then puts the item on sale for 30%. If the final price after both changes is $15.12, what was the original price before both changes? What was the actually percantage that was taken off after both changes?

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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