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First the store raised the price of a pot by 20%. Then they announced a 20% discount on the pot. Is the customer going to pay more or less f
Question
First the store raised the price of a pot by 20%. Then they announced a 20% discount on the pot. Is the customer going to pay more or less for the pot now than before.
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Mathematics
3 years
2021-07-31T02:05:45+00:00
2021-07-31T02:05:45+00:00 1 Answers
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Answer:
less
Step-by-step explanation:
An increase of 20% makes the price 120% of the original price.
A discount of 20% makes the discounted price 80% of the previous price.
Original price: x
20% increase in price: 1.2 * x
20% discount over the raised price: 0.8 * 1.2 * x
Now we multiply the numbers in the last expression and compare the result with x.
0.8 * 1.2 * x = 0.96x
0.96 is less than x, so the customer pays less than the original price.