document.write( "Question 360623: A store bought a number of tractors for $800 each. Its regular selling price is $1000.The store decides to discount the price to stimulate sales and to earn a minimum profit of 5%. What is the maximum discount rate?
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Algebra.Com's Answer #257353 by mananth(16946)![]() ![]() You can put this solution on YOUR website! tractor cost $800 \n" ); document.write( "5 % minimum profit \n" ); document.write( "so their profit 800/100*5= 40 \n" ); document.write( ".. \n" ); document.write( "profit now is $200 \n" ); document.write( "minimum profit = 40 \n" ); document.write( "so discount to be offered = 160. \n" ); document.write( "... \n" ); document.write( "1000 discount 160 \n" ); document.write( "100 ---? \n" ); document.write( "160*100/1000= 16% \n" ); document.write( "... \n" ); document.write( "m.ananth@hotmail.ca \n" ); document.write( " |