Question

The price of a bottle of shampoo was marked up 15%, then marked down 4%. If the original price was $4.50, what is the new price? Show your work?

Answer 1

Answer:

Cost of shampoo = $4.50

% Mark up of Shampoo = 15%

15% Mark up of Shampoo = 15/100 x $4.50 = $0.67

Price of Shampoo 15% Mark up = $4.50 + $0.67 = $5.17

% Mark down of Shampoo = 4%

4% Mark down of shampoo = 4/100 x $5.17 = $0.21

Price of Shampoo 4% Mark down = $5.17 - $0.21 = $4.96

Step-by-step explanation: