A clothing store buys shirts for n dollars and then marks them up 50%. To reward their employees, the store gives a 50% discount to all employees. How much does an employee pay for a shirt?
50% = 0.5
Markup cost = (1 + 0.5)n
Markup cost = 1.5n
50% discount:
1.5n/2 = 0.75n
50% = 0.5
Markup cost = (1 + 0.5)n
Markup cost = 1.5n
50% discount:
1.5n/2 = 0.75n