SOLUTION: A department store pays $20 for each watch in a shipment. The store sells the watches for $75. What is the maximum percent of discount the store can offer and make a profit of at

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Question 546496: A department store pays $20 for each watch in a shipment. The store sells the watches for $75. What is the maximum percent of discount the store can offer and make a profit of at least $20 on each watch?
Answer by JBarnum(2146) About Me  (Show Source):
You can put this solution on YOUR website!
cost is 20
minimum profit of 20
so thats 40
75-40=35
so 35 dollars off is the highest discount
to get percent divide 35 by 75 and multiply by 100%
%2835%2F75%29%2A100=x
x=46.66666666
46.67%