2. A shop owner raises the price of a $100 pair of shoes by 40%. After a few weeks, because of falling sales, the owner reduces the price of the shoes by 40%. A
customer then says that the shoes are back at the original price.
a. What is the mistaken assumption here?
b. Why is that assumption incorrect?
c. What do the shoes actually cost now?
d. By what percent should the shoes be decreased in order to have the price
back at $100? Round to the nearest percentage. (for example if your
decimal answer is .058267 your answer would be 5.8267% round to
nearest percent answer is 6%)