The price of a jacket is reduced by 25%.
The price of a jacket is reduced by 25%. During a special sale the price of the jacket is reduced another 20%. By approximately what percent must the price of the jacket now be increased in order to restore it to its original amount?
Answer/Solution
66.67
Steps/Work
1) Let the price of jacket initially be $100.
2) Then it is decreased by 25% , therefore bringing down the price to $75.
3) Again it is further discounted by 20%, therefore bringing down the price to $60.
4) Now 60 has to be added byX %in order to equal the original price.
60 + ( X% ) 60 = 100.
Solving this eq for X, we get X = 66.67
Ans is A.
2) Then it is decreased by 25% , therefore bringing down the price to $75.
3) Again it is further discounted by 20%, therefore bringing down the price to $60.
4) Now 60 has to be added byX %in order to equal the original price.
60 + ( X% ) 60 = 100.
Solving this eq for X, we get X = 66.67
Ans is A.