Question

Dylan's Bicycle Shop offers a new bicycle on sale for $259.92 after a 10% markdown. What was the cost of the bicycle to Dylan if the markup was 30% based on the cost? (Round to the nearest cent.)

Answer 1

Part A. Markdown answer = $233.93

$259.92*0.10=$25.992 or $25.99

$259.92 - $25.99 = $233.93 cost after 10% markdown

Part B. Markup answer = $337.90

$259.92 * 0.30= $77.976 of $77.98

$259.92 + $77.98 = $337.90 cost after 30% markup