SOLUTION: An item cost a store owner $50. She marked it up 40% and advertised it at that price. How much profit did she make if she later sold it at 15% off the advertised price? answer $9.5

Question 463927: An item cost a store owner $50. She marked it up 40% and advertised it at that price. How much profit did she make if she later sold it at 15% off the advertised price? answer $9.50 please, please explain the steps to solving this question, help is much needed, thank you M
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
$50+40%=50x1.4=$70 asking price
$70-15%=70x.85=$59.50 eventual sale price
$59.50-$50.00(original cost)=$9.50 end profit..
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