document.write( "Question 1076388: A shoe store marks up the price of its shoes at 140 %140% over cost. A pair of shoes goes on sale for 15 %15% off and then on the clearance rack for an additional 25 %25% off. A customer walks in with a 10 %10% off coupon good on all clearance items and buys the shoes. Express the store's profits on these shoes as a percentage of the original cost.\r
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document.write( "The store's profit as a percentage of the cost of the original shoe is *WHAT* percent??\r
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Algebra.Com's Answer #691050 by jorel1380(3719)![]() ![]() You can put this solution on YOUR website! If the store marks the shoes up 140%, then the selling price is (100+140)% cost, or 2.4 times the cost. \n" ); document.write( "The pair of shoes then goes on sale for 15% off; or 85% of the original price. Thus: .85 x 2.4=2.04 \n" ); document.write( "Then, the clearance rack brings the price to: \n" ); document.write( ".75 x 2.04=1.53 \n" ); document.write( "Then, the 10% off coupon; making it 90% of the clearance price: \n" ); document.write( "1.53 x .9=1.377 \n" ); document.write( "Leaving the shoe store with 1.377-1, or a 37.7% profit above the original cost. ☺☺☺☺ \n" ); document.write( " |