SOLUTION: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price?

SOLUTION: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price?

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Question 478010: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
100%-10%=90%
100-11=89
.89x.9=.801
1-.801=.199=19.9%
The ticketed price exceeds the cost by 19.9%..
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