SOLUTION: Please please help me with this word problem: Just before Christmas the sweaters were marked up 150% of the cost to get a selling price of $75. They did not sell so well at that pr

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Please please help me with this word problem: Just before Christmas the sweaters were marked up 150% of the cost to get a selling price of $75. They did not sell so well at that pr      Log On


   

Question 456406: Please please help me with this word problem: Just before Christmas the sweaters were marked up 150% of the cost to get a selling price of $75. They did not sell so well at that price, so the store reduced the markup to 90% of the cost. What is the new selling price?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
75/1.5=50 cost
50/0.9=55.56 new price