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6 June, 01:14

The price of a bottle of shampoo was marked up 15%, then marked down 4%. If the original price was $4.50, what is the new price? Show your work?

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  1. 6 June, 01:42
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    Cost of shampoo = $4.50

    % Mark up of Shampoo = 15%

    15% Mark up of Shampoo = 15/100 x $4.50 = $0.67

    Price of Shampoo 15% Mark up = $4.50 + $0.67 = $5.17

    % Mark down of Shampoo = 4%

    4% Mark down of shampoo = 4/100 x $5.17 = $0.21

    Price of Shampoo 4% Mark down = $5.17 - $0.21 = $4.96
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