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A shirt was marked up by 80% and then sold at a 35% discount. If the sale price was R94.70, what was the original cost price?

Business/Management

ScanSolve AI Answer

Step-by-step solution

2 steps

a) Determine the original cost price of the shirt.

  1. Define variables and relationships.

    Let CC be the original cost price.
    The shirt was marked up by 80%, so the marked price MM is:

    M=C(1+0.80)=1.8CM = C(1 + 0.80) = 1.8C

    The sale gives a discount of 35% from the marked price, so the sale price SS is:

    S=M(1−0.35)=0.65MS = M(1 - 0.35) = 0.65M

    The shirt is sold for R94.70, so S=R94.70S = \text{R}94.70.

  2. Calculate the marked price (MM).

    We know

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