Question

Smalltown Electronics buys MP3 players from its supplier for a price of $200 each. The store marks up the $200 by 50% to obtain the retail price. After Christmas, the retail price is marked down by 50%. After Christmas, the retail price will be ________ dollars.

Answer 1

One hundred and fifty dollars

Answer 2

Answer:

After Christmas, the retail price will be $150

Step-by-step explanation:

Cost Price of MP3 player = $200

Now, the store marks up the price by 50% to obtain retail price

So, Retail Price of the MP3 player = C.P. + 50% of C.P.

                                                            = 200 + 0.50 × 200

                                                            = 200 + 100 = $300

After Christmas, the retail price is marked down by 50%

So, Retail price after Christmas = 300 - 50% of 300

                                                    = 300 - 0.50 × 300

                                                    = 300 - 150 = $150

Hence, After Christmas, the retail price will be $150