Question

Cost of a lizard: $36.50

Markup: 70%
Discount: 53%

Can anyone answer this with work or a detailed explanation? I think I’ve got the answer but I want to be sure.

Answer 1

Cost after markup = $62.05

Cost after discount = $29.18

Explanation:

It is given that:

Cost of lizard = $36.50

Mark up = 70% = 70/100 = 0.7

Markup = 0.7 * 36.50

Markup = $25.55

Cost after markup = 36.50 + 25.55 = $62.05

Discount = 53%

Discount = 0.53 * 62.05

Discount = $32.87

Price after discount = 62.05 - 32.87 = $29.18

Therefore,

Cost after markup = $62.05

Cost after discount = $29.18