Concept explainers
* The SuperDiscount store is planning a “35%-off sale” in two weeks. This week, a pair of pants costs $59.95.
a. Suppose SuperDiscount raises the price of the pants by 35% this week, and then two weeks from now, lowers the price by 35%. How much will the pants cost two weeks from now? Explain your method of calculation. Explain why it makes sense that the pants won’t return to their original price of $59.95 two weeks from now.
b. By what percent does SuperDiscount need to raise the price of the pants this week, so that two weeks from now, when it lowers the price by 35%, the pants will return to the original price of $59.95? Explain your method of calculation.
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