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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
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Step-by-step solution
2 stepsa) Determine the original cost price of the shirt.
Define variables and relationships.
Let be the original cost price.
The shirt was marked up by 80%, so the marked price is:The sale gives a discount of 35% from the marked price, so the sale price is:
The shirt is sold for R94.70, so .
Calculate the marked price ().
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