SOLUTION: A merchant purchased a line of handbags for R172,00 each. She wants to offer a 14% discount off the listed selling price and still make a 24% profit. What should be the price that

Question 1180844: A merchant purchased a line of handbags for R172,00 each. She wants to offer a 14% discount off the listed selling price and still make a 24% profit. What should be the price that she should mark on the label ?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
24% profit is 172.00*0.24=41.28 profit, so selling price alone would be that + 172 or 213.28R.
the listed selling price x is such that 0.86x=213.28.
then x= 248R
-
From 248 R, 14% off leaves 213.28
that is 41.28R more than 172.00, so profit is their quotient, or 24%.
RELATED QUESTIONS
A buyer wants to offer a pre- Easter special of leather handbags that will sell for $45... (answered by Theo)

A teacher supply store is sponsoring a raffle for teachers to win school supplies. The... (answered by Boreal)

Sharmaine sells designer handbags. She bought 7 handbags at a price of P14,000 each and... (answered by greenestamps)

Yazmin noticed her favorite workout tops hereon sale for 6.00 off the original price.... (answered by ikleyn)

You are the manager of a clothing store and have just purchased 100 dress shirts for... (answered by math_tutor2020)

A merchant buys goods at 25% off the list price. He desires to mark the goods so that he... (answered by rfer)

a store purchased a certain style of leather jacket at $70 per jacket. if the store wants (answered by josgarithmetic)

A trader brought a television set for $47500.00. He allowed a customer a discount of 5%... (answered by Theo,MathTherapy)

1. A merchant buys goods at 25% off the list price. He desires to mark the goods so that... (answered by Theo)