SOLUTION: A man buys a book for $20 and wishes to sell it. What price should he mark on it if he wishes a 40% discount while making a 50% profit on the cost price?

SOLUTION: A man buys a book for $20 and wishes to sell it. What price should he mark on it if he wishes a 40% discount while making a 50% profit on the cost price?

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Question 208713: A man buys a book for $20 and wishes to sell it. What price should he mark on it if he wishes a 40% discount while making a 50% profit on the cost price?
Answer by scott8148(6628) (Show Source): You can put this solution on YOUR website!
50% profit means that he sells the book for $30 ($20 cost + $10 profit)

40% discount means that the $30 is 60% of the price ___ $30 = (60%) p

$30 / .60 = $50 = p
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