The midpoint is: (-4.5,8.5)
Answer:
Let C be the cost price of the article. Then:
C(1+30%)=marked price
So:
C(1+30%)=C(1.3)
=1.3C
If the article is then marked down 35%, then its’ price would be:
1.3C(1–35%)=1.3C(.65)
=0.845 or 84.5% of its’ cost
Then:
0.845–1=-0.155
or, a 15.5% loss on the item
Answer is 47.25
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