SOLUTION: Please please help me with this word problem: Just before Christmas the sweaters were marked up 150% of the cost to get a selling price of $75. They did not sell so well at that pr

SOLUTION: Please please help me with this word problem: Just before Christmas the sweaters were marked up 150% of the cost to get a selling price of $75. They did not sell so well at that pr

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Question 456406: Please please help me with this word problem: Just before Christmas the sweaters were marked up 150% of the cost to get a selling price of $75. They did not sell so well at that price, so the store reduced the markup to 90% of the cost. What is the new selling price?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
75/1.5=50 cost
50/0.9=55.56 new price
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