SOLUTION: The cost price of a bag of rice is $40. The price of the rice is marked 50% above the cost price. If the bag of rice is sold at a discount of 10%, find the profit percent.
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Question 1174179
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The cost price of a bag of rice is $40. The price of the rice is marked 50% above the cost price. If the bag of rice is sold at a discount of 10%, find the profit percent.
Answer by
ikleyn(52852)
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The profit is 40*1.5*0.9 - 40 = 14 dollars.
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