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A markup of 10% followed by a discount of 30%, is

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Manager
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A markup of 10% followed by a discount of 30%, is [#permalink] New post 01 Jul 2004, 03:33
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A markup of 10% followed by a discount of 30%, is equiavalent to a single discount of what percent?

A) 28%
b) 20%
c) 23%
d) 25%
e) 37%

Explain you answer,
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-Genius is one percent inspiration, and ninety-nine percent perspiration.

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 [#permalink] New post 01 Jul 2004, 04:08
23% shd be the answer

10%markup = 1.1x
30%markdown = 1.1x-.33x = .77x
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 [#permalink] New post 01 Jul 2004, 04:43
It is :-D. to explain it more:

the new value of x = 0.77x

that means x was reduced by x-0.77x= 0.23 = 23% :wink:
_________________

-Genius is one percent inspiration, and ninety-nine percent perspiration.

  [#permalink] 01 Jul 2004, 04:43
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A markup of 10% followed by a discount of 30%, is

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