SOLUTION: Goods cost a merchant $72. At what price should he mark them so that he may sell them at a discount of 10% from his marked price and still make a profit of 20% on the selling price
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Question 936081: Goods cost a merchant $72. At what price should he mark them so that he may sell them at a discount of 10% from his marked price and still make a profit of 20% on the selling price? Found 2 solutions by stanbon, josmiceli:Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! Goods cost a merchant $72. At what price should he mark them so that he may sell them at a discount of 10% from his marked price and still make a profit of 20% on the selling price?
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Price at 20% profit:: 1.2*72 = 86.40
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Ans:: Price before 10% discount::: 1.10*86.40 = $95.04
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Cheers,
Stan H.
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You can put this solution on YOUR website! Let = the marked price is the price he sells them at
given:
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He should mark the goods $96
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check:
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OK
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