ACT Math · Ratios, rates, and percents
A jacket originally priced at $80 is marked up 15%, then later marked down 20% from the new price. What is the final price?
A jacket originally priced at $80 is marked up 15%, then later marked down 20% from the new price. What is the final price?
Answer and explanation
Answer: B: $73.60
After the 15% increase: $80 × 1.15 = $92. After the 20% decrease from $92: $92 × 0.80 = $73.60. Choice D incorrectly assumes the two percent changes cancel out, which they do not since they apply to different base values. Choice C applies both percentages to the original $80 instead of applying the second one to the new price.
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