An appliance store bought a refrigerator at a cost of $795.60 and marked it up 60%. Later on, the store marked it down 50%. What was the discount price?

Answer 1

To find the discount price of the refrigerator, we need to go through the following steps:

1. Calculate the marked-up price: The store bought the refrigerator for $795.60 and marked it up by 60%.

   \[ \text{Markup Amount} = \text{Cost Price} \times \text{Markup Percentage} = 795.60 \times 0.60 = 477.36 \]

   Now, we add the markup to the cost price to find the marked-up price:

   \[ \text{Marked-up Price} = \text{Cost Price} + \text{Markup Amount} = 795.60 + 477.36 = 1272.96 \]

2. Calculate the discounted price: The store then marked down the refrigerator by 50% from the marked-up price.

   \[ \text{Discount Amount} = \text{Marked-up Price} \times \text{Discount Percentage} = 1272.96 \times 0.50 = 636.48 \]

   Now, we subtract the discount amount from the marked-up price to find the discounted price.

   \[ \text{Discounted Price} = \text{Marked-up Price} - \text{Discount Amount} = 1272.96 - 636.48 = 636.48 \]

Thus, the discount price of the refrigerator is $636.48.