SOLUTION: A dealer bought a tape cassesse recorder for $98, she wants to make a profit of at least 25% of the amount to be paid by the purchaser after allowing a discount of 8%, What should

Question 181597: A dealer bought a tape cassesse recorder for $98, she wants to make a profit of at least 25% of the amount to be paid by the purchaser after allowing a discount of 8%, What should the marked price of the recirder be before the discount?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A dealer bought a tape cassette recorder for $98, she wants to make a profit of at least 25% of the amount to be paid by the purchaser after allowing a discount of 8%, What should the marked price of the recorder be before the discount?
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1.25*98 = $122.50
This is the price she needs to get for the recorder after discounting it 8%.
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1.08*122.50 = $132.30
This is the marked price before the discount is applied.
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Cheers,
Stan H.
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