document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1192291>Question 1192291</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A store purchased an item for $90 and planned to sell it for $153.00 so that their profit would be 50% of their cost. If they were unable to sell it for this amount, what minimum selling price would allow them to break even </SPAN>\n" );
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document.write( "I don't know where your teacher is getting the \"profit would be 50% of their cost\"\r<BR>\n" );
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document.write( "The profit itself is <BR>\n" );
document.write( "profit = revenue - cost = 153 - 90 = 63<BR>\n" );
document.write( "which leads to <BR>\n" );
document.write( "profit/cost = 63/90 = 0.70 = 70%\r<BR>\n" );
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document.write( "So the \"50%\" should be \"70%\".\r<BR>\n" );
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document.write( "If the shop owner wants to break even, then they would sell the item at the price they purchased it. <BR>\n" );
document.write( "Meaning the sale price would be $90. <BR>\n" );
document.write( "The breakeven point is when the profit is 0.<BR>\n" );
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