SOLUTION: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price? how do you work it out

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Question 560165: A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price? how do you work it out
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 11%, what percent does the marked price exceed the cost price?
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Let original price be "x".
Discount price is 0.9x.
That discount price ia 0.11 over the cost price.
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What percent does the marked price exceed the cost price?
Equation:
Quantity gain : 1.11x - 0.09x = 1.02x
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Percent gain over cost: 1.02x/0.09x = 11.33 = 1133%
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Cheers,
Stan H.
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