SOLUTION: A department store purchases a suit for $75. To make a profit, the price of the suit is increased by 131%. Find the price of the suit. Thank you.

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Finance -> SOLUTION: A department store purchases a suit for $75. To make a profit, the price of the suit is increased by 131%. Find the price of the suit. Thank you.      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!

   


Question 109348: A department store purchases a suit for $75. To make a profit, the price of the suit is increased by 131%. Find the price of the suit.
Thank you.

Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
$75*1.31=$98.25 is the selling price of the suit.