SOLUTION: When a clothing store first makes an item available for purchase, the price is marked up 60% above the cost to the store. What discount can the store offer so that the discounted

Question 1034861: When a clothing store first makes an item available for purchase, the
price is marked up 60% above the cost to the store. What discount
can the store offer so that the discounted price is the same as the
original cost to the store?Express your answer as a percent to the nearest tenth.
Answer: 37.5% (How?)
Answer by KMST(5328) (Show Source): You can put this solution on YOUR website!
Percentages are ratios, which can be expressed as fractions,
and if you are lucky, as decimals.
For example,
= original cost to the store
of is
= marked-up price
If the discounted price is the same as the original cost to the store,
the discount is .
As a fraction of the marked-up price, the discount is

RELATED QUESTIONS
The local clothing store marks up the price that it pays to the clothing manufacturer by (answered by MathLover1)

A store marks up merchandise 40% for profit. If an item costs the store $12, what is the (answered by Amily_2190)

An electronics store sells an item costing $51 for $70 and an item costing $120 for $129. (answered by Theo)

A stereo store marks up each item it sells 60% above wholesale price. What is the... (answered by rapaljer)

A stereo store marks up each item it sells 60% above wholesale price. What is the... (answered by ewatrrr)

. Joey works at a clothing store and receives an employee discount of 10 percent off the (answered by stanbon)

In a store, a $100 item was marked down by 20% for a sale. After the sale, the... (answered by Theo)

A store charges $280 for a coat. This price is 40 percent more than the amount it cost... (answered by Miniml1)

First store is offering an item at 30% sale. The second store first took 20% off the... (answered by Mathtut)