SOLUTION: Lester buys a TV for $200. At what price does he need to sell the TV for, if he wishes to offer a 20% discount to a customer but needs to earn 50% profit on the original cost?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: Lester buys a TV for $200. At what price does he need to sell the TV for, if he wishes to offer a 20% discount to a customer but needs to earn 50% profit on the original cost?      Log On


   

Question 1107815: Lester buys a TV for $200. At what price does he need to sell the TV for, if he wishes to offer a 20% discount to a customer but needs to earn 50% profit on the original cost?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Lester buys a TV for $200. At what price does he need to sell the TV for, if he wishes to offer a 20% discount to a customer but needs to earn 50% profit on the original cost?
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start:: 200
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with 50% profit:: wants to get 300
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Offer to customer:: 0.80x = 300
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Let "x" be his offering price.
x = 300/0.8 = $375
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Cheers,
Stan H.
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