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

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Manager
Joined: 10 Jun 2004
Posts: 81

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A markup of 10% followed by a discount of 30%, is [#permalink]

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01 Jul 2004, 04:33
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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%

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

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Intern
Joined: 29 Jun 2004
Posts: 10

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01 Jul 2004, 05:08
23% shd be the answer

10%markup = 1.1x
30%markdown = 1.1x-.33x = .77x

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Manager
Joined: 10 Jun 2004
Posts: 81

Kudos [?]: 5 [0], given: 0

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01 Jul 2004, 05:43
It is . to explain it more:

the new value of x = 0.77x

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

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

Kudos [?]: 5 [0], given: 0

01 Jul 2004, 05:43
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# A markup of 10% followed by a discount of 30%, is

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