Answer:
1. $2,400
2. $1,600
Step-by-step explanation:
[1] Retail price means we will take the 150% markup, but take off the 50% discount
-> $1,200 * 2 = $2,400
-> 50% is 1/2, so we can multiply it by 2 to solve for the price
[2] Now that we have $2,400, we want to see what the price was before the 150% markup.
-> 150% / 100 = 1.5
-> $2,400 / 1.5 = $1,600
-> We can divide the value by the markup percent (as a decimal) to find the original value
Have a nice day!
I hope this is what you are looking for, but if not - comment! I will edit and update my answer accordingly. (ノ^∇^)
- Heather
