Answer: The final price is less than the original
Step-by-step explanation:
Let us break this down a bit.
The original price is $500
-> At the beginning, the price was marked up by 20%
-> At the end, the price at the beginning of the season is marked down by 20%
We are solving for: "How does the final price compare with the original price of $500"
First, we will find the price at the beginning.
-> Please note a percent divided by 100 becomes a decimal
20% / 100 = 0.2
$500 * 0.2 = $100
$500 + $100 = $600
Now, we will find the price at the end.
$600 * 0.2 = $120
$600 - $120 = $480
The final price is less than the original price of $500.
