Concept explainers
Solve Mark-up Applications In the following exercises, find (a) the amount of mark-up and (b) the list price.
Priam bought a jacket that was on sale for 40% off. The original price of the jacket was $150. While the sales clerk figured the price by calculating the amount of discount and then subtracting that amount from SI50, Priam found the price faster by calculating 60% of $150.
(a) Explain why Priam was correct.
(b) Will Priam's method work for any original price?
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- Elementary AlgebraAlgebraISBN:9780998625713Author:Lynn Marecek, MaryAnne Anthony-SmithPublisher:OpenStax - Rice University