store mark up wholesale item 30% later have sale mark down 30% from retail price

Question

walmart wholesale item marked up 30%, later have a sale and mark down 30% from retail price did he break even

Answer 1

If it was 100, and it was marked up 30%, it's being marked up 30% of 100, which is 30.  So the new price is $130.

 

However, when it is marked down 30%, it's marked down 30% of 130 (rather than the original 100).  This amount is $39, reducing the price to $91.

 

So no, Walmart didn't break even on this one, but rather, lost $9 from the original price.

 

Poor Walmart. : )

 

Hope this helps, Linda!