1. If the price of the book at $14.99 was deemed to be too high, and was subsequently reduced to its old $11.99 price, what is the percentage change? 2. After a reduction of 14 ½ % off the marked price, a pair of boots sold for $120.  What was the marked price?

Expert Answers

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The price of a book initially selling for $14.99 was later reduced to $11.99.

The percent change in the price is `((14.99 - 11.99)/14.99)*100 ~~ 20.01%`

The price of a pair of boots after a discount of 14.5% is $120. The original marked price was `120/(1 - 0.145) ~~ $140.35`

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