SOLUTION: A salesman sold a book at 105% of the marked price instead of discounting the marked price by 5%. If he sold the book for $4.20, what was the price for which he should have sold th

Question 1162565: A salesman sold a book at 105% of the marked price instead of discounting the marked price by 5%. If he sold the book for $4.20, what was the price for which he should have sold the book?
Answer by ikleyn(52756) (Show Source): You can put this solution on YOUR website!
.


Let x be the regular price of the book.


Then  1.05x = 4.20  dollars,


which implies x =  = 4 dollars for the regular price.


Then the discounted price should be  0.95*4.00 = 3.80  dollars.    ANSWER

Solved.

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