document.write( "Question 752253: Good Morning,\r
\n" ); document.write( "\n" ); document.write( "I have a mark-up problem that is haunting me. Could you please show me how to set it up correctly? I can't seem to figure it out. Here it is:\r
\n" ); document.write( "\n" ); document.write( "A pair of shoes costs the retailer $85 per pair. At what price should the retailer mark them so he can sell them at a 15% disoount off the selling price and still make a 20% profit on his cost?\r
\n" ); document.write( "\n" ); document.write( "My brain is frozen on this.\r
\n" ); document.write( "\n" ); document.write( "Thank you in advance for your help.\r
\n" ); document.write( "\n" ); document.write( "Kindest regards,
\n" ); document.write( "Michelle Dean
\n" ); document.write( "

Algebra.Com's Answer #457650 by KMST(5328)\"\" \"About 
You can put this solution on YOUR website!
\"x\"= marked \"original\" price (in $)
\n" ); document.write( "discounted price = \"x-0.15x=0.85x\"
\n" ); document.write( "The profit would be the discounted price minus the cost,
\n" ); document.write( "profit =\"0.85x-85\"
\n" ); document.write( "As a percentage of the $85 cost, the profit would be
\n" ); document.write( "\"%280.85x-85%29%2F85\"x100%=20% or
\n" ); document.write( "\"%280.85x-85%29%2F85=0.20\" --> \"0.85x-85=0.20%2A85\" --> \"0.85x-85=17\" --> \"0.85x=85%2B17\" --> \"0.85x=102\" --> \"x=102%2F0.85\" --> \"highlight%28x=120%29\"
\n" ); document.write( "The retailer should mark the original price as $120.
\n" ); document.write( "The customer would get a 15% discount, which would reduce the price by $18, to $102.
\n" ); document.write( "Selling the shoes at $102, the retailer would have a profit of
\n" ); document.write( "$102 - $85 = $17, and that $17 is 20% of the $85 cost.
\n" ); document.write( "
\n" );