A luxury perfume costs $1200. The store owner decided to increase its price by 10% so that he could earn more profit. Few weeks had past but the perfume was still not sold. So, the owner decided to lower the price by 15%. By how much was the final price lower than the original price?
How much was the original price increased? ** There was a $1200 x 10/100 = $<<1200*10/100=120>>120 increase of the original price.
What was the original price? ** So, the perfume was priced for $1200 + $120 = $<<1200+120=1320>>1320.
How much was the new price lowered? ** Then, 15% of the new price is $1320 x 15/100 = $<<1320*15/100=198>>198.
What was the final price? ** So, the final price is now $1320 - $198 = $<<1320-198=1122>>1122.
How much was the final price lower than the original price? ** Therefore, the final price is $1200 - $1122 = $<<1200-1122=78>>78 lower than the original price.
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