A store purchased an item for $80. It was then marked up by 25%. Later, the store offered a 20% discount on the marked-up price. What was the approximate net percentage change in price from the original cost to the final discounted price?

Question

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A) 0%. Original price = $80. Marked up by 25%: $80 * 1.25 = $100. Discounted by 20%: $100 * 0.80 = $80. The final price is $80, which is the same as the original cost, so the net change is 0%.

A store purchased an item for $80. It was then marked up by 25%. Later, the store offered a 20% discount on the marked-up price. What was the approximate net percentage change in price from the original cost to the final discounted price?

✓ Correct Answer: Option A

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