SOLUTION: The cost price of a bag of rice is $40. The price of the rice is marked 50% above the cost price. If the bag of rice is sold at a discount of 10%, find the profit percent.

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Question 1174179: The cost price of a bag of rice is $40. The price of the rice is marked 50% above the cost price. If the bag of rice is sold at a discount of 10%, find the profit percent.
Answer by ikleyn(52851) About Me  (Show Source):
You can put this solution on YOUR website!
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The profit is  40*1.5*0.9 - 40 = 14 dollars.    ANSWER