Problem

A bedroom suite costs Town \& Country Furniture $\$ 5,000$ less $30 \%$ and $15 \%$. The normal rate of markup on cost is $90 \%$. The suite is marked down $30 \%$ in a Mid-Summer Sale. 4 What is the sale price? (Round your answer to the nearest cent.) points What is the sale price? (Round your answer to the nearest cent.) Skipped Sale price $\$$

Solution

Step 1 :Let the original cost of the bedroom suite be \(c\).

Step 2 :The original price after the $90\%$ markup is \(1.9c\).

Step 3 :The discounted price after the $5,000$ discount is \(1.9c - 5000\).

Step 4 :Since the discounted price is $30\%$ and $15\%$ less than the original price, we have the equation: \(1.9c - 5000 = 0.85c\).

Step 5 :Solving for \(c\), we get \(c \approx 4761.90\).

Step 6 :The original price is \(1.9c \approx 9047.62\).

Step 7 :Finally, applying the $30\%$ Mid-Summer Sale discount, we get the sale price: \(0.7(9047.62) \approx 2833.33\).

Step 8 :\(\boxed{2833.33}\) is the sale price of the bedroom suite.

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Source: https://solvelyapp.com/problems/26174/

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