Chapter 6.5, Problem 49STP

To determine

To find: What percent markup is need so that the price of the camera is $\$350$ again.

Answer to Problem 49STP

Markup percent $=100\%$

Explanation of Solution

Given information:

Original price of Camera $=\$350$

For a 2-day sale it is marked down $50\%$ .

From given information

Original price of Camera $=\$350$

For a 2-day sale it is marked down $50\%$ .

It means

Discount $=50\%$ of Original price.

  $\Rightarrow$ Discount Amount = $\left(\frac{50}{100}\right)\times 350$

  $\Rightarrow$ Discount Amount = $\left(0.5\right)\times 350$

  $\Rightarrow$ Discount Amount = $\$175$

We know that,

Selling price of Camera for 2-day sale $=$ Original amount $-$ Discount

  $\Rightarrow$ Selling price of Camera for 2-day sale $=350-175$

  $\Rightarrow$ Selling price of Camera for 2-day sale $=\$175$

Now,

After we need to Markup this Selling price of Camera for 2-day sale $=\$175$ to Selling price of $\$350$ .

Therefore,

Here,

Original amount $=$ Selling price of Camera for 2-day sale $=O$

  $=\$175$

Selling price after 2-day sale $=S$

  $=\$350$

Mark up percent $=\frac{S-O}{O}\times 100$

  $\Rightarrow$ Markup percent $=\frac{350-175}{175}\times 100$

  $\Rightarrow$ Markup percent $=\frac{175}{175}\times 100$

  $\Rightarrow$ Markup percent $=100\%$