A store purchased a fancy watch and marked it up 20% from the original cost of $192.50. A week later, the store placed the fancy watch on sale for 60% off. What was the discount price? If necessary, round your answer to the nearest cent.
192.50 x 1.20 ==$231.00 price of the watch after 20% markup.
231 x [100 - 60] / 100 ==$92.40 - discount price of the watch.
