SOLUTION: a store sells purchases a washing machine from a manufacturer and marks it up 40% on the cost price for sale. after virtually no customer interest for 3 months, the manager decides
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-> SOLUTION: a store sells purchases a washing machine from a manufacturer and marks it up 40% on the cost price for sale. after virtually no customer interest for 3 months, the manager decides
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Question 1178451: a store sells purchases a washing machine from a manufacturer and marks it up 40% on the cost price for sale. after virtually no customer interest for 3 months, the manager decides to sell it to a client for a 10% discount off the marked up price. if the client pays $4500, what was the original cost price and the marked up price? Answer by Boreal(15235) (Show Source):
You can put this solution on YOUR website! original cost is x
marked up price is x+0.4x or 1.4x
10% discount from that 1.4x=0.14x, so the selling price at the end is 1.26x
that equals $4500
so 1.26x=4500
x=$3571.43 original price.
mark up of 40% is $1428.57.
tried to sell it at a price of $5000.
10% discount is $500 and selling price at the end is $4500.
