SOLUTION: You purchased one pound of coffee for $20. At what price do you need to mark the coffee for sale in your coffee shop, if you wish to offer a 22% discount to your customers but you

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: You purchased one pound of coffee for $20. At what price do you need to mark the coffee for sale in your coffee shop, if you wish to offer a 22% discount to your customers but you       Log On


   

Question 464226: You purchased one pound of coffee for $20. At what price do you need to mark the coffee for sale in your coffee shop, if you wish to offer a 22% discount to your customers but you need to earn a 39% profit on the original cost?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
20x1.39=27.8
78%(m)=27.8
.78m=27.8
m=27.8/.78=$35.64
You have to offer a 22% discount on $35.64, which is $27.80, to realize a 39% profit on a $20 lb. of coffee..