, 11 August 2022
Difficulty: Tricky
Billie is really in to sneakers. They bought a pair for $100, aiming to sell them for a profit. First, they put the price up 50% and tried to sell the sneakers. After a few months, they decided to drop the price by 50%, and the sneakers sold.
Did Billie make money, lose money, or sell the sneakers at their original price?
Scroll down or click for a hint, or the answer!
Do the calculations! You might be surprised at what happens.
Billie bought the sneakers for $100.
Then they increased the price by 50%, which is $50, making the new price $150.
Next they reduced the price by 50%. And 50% of $150 is $75, so the sneakers sold for $75.
Overall, Billie bought the sneakers for $100 and sold them for $75, so they lost $25.
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