SOLUTION: Sassy Fashions buys dresses at wholesale and then marks them up for retail sale. They recently sold a dress at a 40% discount off of their marked-up price. What percent mark-up did
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Question 251900: Sassy Fashions buys dresses at wholesale and then marks them up for retail sale. They recently sold a dress at a 40% discount off of their marked-up price. What percent mark-up did they originally apply to the dress if they broke even on the sale? Express your answer to the nearest percent.
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
They sold the dress at 40% discount or 60% of the markup price
If they came out even they sold it for the original price.
let x= markup price
w=wholesale price
.60x=w
3/5m=w
m=5/3w
1w=3/3w=wholesale price
(5/3)w-(3/3)w=(2/3)w=67%
5/3 =1.67 markup price is 1.67*wholesale price
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