SOLUTION: A shoe store marks up the price of its shoes at 140% over cost. A pair of shoes goes on sale for 15% off and then on the clearance rack for an additional 25 % off. A customer walks
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Question 1076389: A shoe store marks up the price of its shoes at 140% over cost. A pair of shoes goes on sale for 15% off and then on the clearance rack for an additional 25 % off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express the store's profits on these shoes as a percentage of the original cost.
The store's profit as a percentage of the cost of the original shoe is WHAT PERCENT?
thank you. sorry the other one I submitted was doing the percentages twice. Found 2 solutions by josgarithmetic, MathTherapy:Answer by josgarithmetic(39620) (Show Source):
You can put this solution on YOUR website! A shoe store marks up the price of its shoes at 140% over cost. A pair of shoes goes on sale for 15% off and then on the clearance rack for an additional 25 % off. A customer walks in with a 10% off coupon good on all clearance items and buys the shoes. Express the store's profits on these shoes as a percentage of the original cost.
The store's profit as a percentage of the cost of the original shoe is WHAT PERCENT?
thank you. sorry the other one I submitted was doing the percentages twice.
Let cost be C
Then markup price = 2.4C
Selling price: [.85(.75)(.9) * 2.4C] = 1.377C.
Therefore,
(