SOLUTION: A computer company gives a discount of 10 % on a new piece of software. If it makes a profit of 7%, what percent does the marked price exceed the cost price?

Question 445676: A computer company gives a discount of 10 % on a new piece of software. If it makes a profit of 7%, what percent does the marked price exceed the cost price?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A computer company gives a discount of 10 % on a new piece of software. If it makes a profit of 7%, what percent does the marked price exceed the cost price?
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Let the cost price be "x".
If it makes a profit of 7% thru the cost then price = 1.07x
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If a 10% discount is given on the price the final price will be 0.9(1.07)x
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However:
Let the cost price be "x".
If a 10% discount is given the discounted price is 0.9x
If a 7% profit is applied the final price is 1.07*(0.9)x
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Final price = 0.963x
So the marked price does not exceed the cost price.
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Cheers,
Stan H.
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