SOLUTION: Collinsburg Music makes a profit of 66 2/3% on the sale of a Blaze-O Stereo. For one week only, the price of the stereo is reduced to $540. If the store makes a profit of 33 1/3% s

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Question 755719: Collinsburg Music makes a profit of 66 2/3% on the sale of a Blaze-O Stereo. For one week only, the price of the stereo is reduced to $540. If the store makes a profit of 33 1/3% selling the stereo at this price, then $540 is what percent of the original selling price?
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Q:
Collinsburg Music makes a profit of 66 2/3% on the sale of a Blaze-O Stereo. For one week only, the price of the stereo is reduced to $540. If the store makes a profit of 33 1/3% selling the stereo at this price, then $540 is what percent of the original selling price?
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A:
540%2F%28540%2F%281+%2B+%281%2F3%29%29%29%281+%2B+2%2F3%29 = 0.8 or 80%