Question

A shop owner wants to sell a $1,600 stationary bike. He thinks he is very clever by raising the original price by 75% while putting a "75% off" sign on it. Is he as clever as he thinks? Explain.

Answer 1

Answer:

He's not clever as he thinks

Step-by-step explanation:

Original price: $1600

After adding 75%: (75 x 1600) + 1600 = $2800

New price at 75% discount: .25 x 2800 = $700

$700 < $1600 so he would lose $900 by doing this.