SOLUTION: When a clothing store first makes an item available for purchase, the
price is marked up 60% above the cost to the store. What discount
can the store offer so that the discounted
Question 1034861: When a clothing store first makes an item available for purchase, the
price is marked up 60% above the cost to the store. What discount
can the store offer so that the discounted price is the same as the
original cost to the store?Express your answer as a percent to the nearest tenth.
Answer: 37.5% (How?) Answer by KMST(5328) (Show Source):
You can put this solution on YOUR website! Percentages are ratios, which can be expressed as fractions,
and if you are lucky, as decimals.
For example, = original cost to the store of is = marked-up price
If the discounted price is the same as the original cost to the store,
the discount is .
As a fraction of the marked-up price, the discount is
