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Question

Difficulty: EasyFractions, Decimals, and Percents Arithmetic

A store owner purchases a batch of books for $150\$150 each and sells them at a price that is 40%40\% higher than the purchase price. During a clearance sale, the selling price is reduced by 10%10\%. What is the final sale price, in dollars, of one book?

Answer: 189 dollars

Answer

The final sale price of one book is $189\$189.
First, calculate the price after the 40%40\% markup: $150×1.40=$210\$150 \times 1.40 = \$210. Then apply the 10%10\% discount to this new amount: $210×0.90=$189\$210 \times 0.90 = \$189. The final price is $189\$189.

Step-by-Step Solution

1
Calculate the price after a 40% markup on the base price of $150.
$210
A 40% markup means multiplying the original purchase price by 1.40.
2
Apply the 10% clearance discount to the marked-up price of $210.
$189
A 10% discount means multiplying the new price by 0.90.

Key Concept

Successive Percentage Change
Estimated Time:45s
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Topics

Fractions, Decimals, and Percents Arithmetic

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