SOLUTION: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price. I believe I know the a
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Question 630187: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price. I believe I know the answer, but dont know how to write it down or express in alegebra terms.
Answer by graphmatics(170) (Show Source): You can put this solution on YOUR website!
Let m denote marked price and c denote. Then. M-.1m=c+.11c. .9m=1.11c. m/c=1.11/.9=1.23. 123%
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