SOLUTION: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 4%, what percent does the marked price exceed the cost price?
Algebra ->
Test
-> SOLUTION: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 4%, what percent does the marked price exceed the cost price?
Log On
Question 385104: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 4%, what percent does the marked price exceed the cost price? Answer by mtmorro(23) (Show Source):
You can put this solution on YOUR website! It has to add the 10% discount to the marked price. Then add 4% to make a profit.
I can explain ... They paid 100.0 for the software. So they first have to mark it up by 10% to be able have a discount of 10% and to make a profit of 4% it have 14% above the cost then then the 10% discount to make it appear to be on sale. Then the 4% added which is not removed so a profit to be made.
100 cost
10% discount
Then added 4% profit.
$115.72
-$11.57discount roughly 10%
puts it at $104.14 for a 4% profit amswer 14.14% the .14% is a factor when it is all above the 110% mark
This is rounded up and/or down, but explains how it can be conducted. I hope this helps..
