SOLUTION: Jake will earn $2400 if he sells his vintage watch set at a discount of 5% off the usual price. If he sells the watch set at a discount of 25% off the usual price, he will also los
Question 1179486: Jake will earn $2400 if he sells his vintage watch set at a discount of 5% off the usual price. If he sells the watch set at a discount of 25% off the usual price, he will also lose $900. What is the cost price of the vintage watch set? Answer by greenestamps(13200) (Show Source):
Selling at a 5% discount means selling at 95% of the usual price; selling at a 25% discount means selling at 75% of the usual price. The difference in his earnings between selling at those two prices is $3300.
The usual price is $16,500.
His cost price is $2400 less than what he sells it for if he sells at a 5% discount from the usual price:
or it is $900 more than what he sells it for if he sells it at a 25% discount from the usual price:
