A store marked up an item by 20% and then offered a 15% discount on the marked-up price. If the final selling price was $204, what was the original cost of the item?

Question

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B) $200. Let original cost be C. Marked-up price = 1.20C. Discounted price = 1.20C * 0.85 = 1.02C. Given 1.02C = 204, so C = 204 / 1.02 = 200.

A store marked up an item by 20% and then offered a 15% discount on the marked-up price. If the final selling price was $204, what was the original cost of the item?

✓ Correct Answer: Option B

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