8
QuizMultiple Choice

Markup and Markdown

Question 8 • FowU - Financial Math - B

A mattress underwent the following changes in price before being removed from the store.20%Markdown35%Markup24%Markdown13%Markup31%MarkdownIf the final price of the mattress was $227.83, what was the original price of the mattress, to the nearest dollar? Round all dollar values to the nearest cent.

Answer
A
$356
B
$312
C
$251
D
$146

Explanation

Reverse each price change by dividing by its multiplier: $227.83 ÷ 0.69 = $330.19, then ÷ 1.13 = $292.20, ÷ 0.76 = $384.47, ÷ 1.35 = $284.79, and ÷ 0.80 = $355.99. Rounded to the nearest dollar, the original price was $356, choice A.

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