SOLUTION: A small furniture store marked up the whole sale price of a table by $45 to sell it for $105. During Labor Day sale they reduced the price and sold it for $85. What was the percent
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Question 1094798: A small furniture store marked up the whole sale price of a table by $45 to sell it for $105. During Labor Day sale they reduced the price and sold it for $85. What was the percentage profit for the store on the table?
Please help. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! Let = the price of table before markup
or markdown
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The table sold for $85
The amount of the profit was
As a percent of the starting price:
41 and 2/3 percent profit
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