document.write( "Question 752253: Good Morning,\r
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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
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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
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document.write( "My brain is frozen on this.\r
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document.write( "Thank you in advance for your help.\r
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document.write( "Kindest regards,
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document.write( "Michelle Dean \n" );
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Algebra.Com's Answer #457650 by KMST(5328)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "discounted price = \n" ); document.write( "The profit would be the discounted price minus the cost, \n" ); document.write( "profit = \n" ); document.write( "As a percentage of the $85 cost, the profit would be \n" ); document.write( " \n" ); document.write( " \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( " |