SOLUTION: A particular style of jacket costs the retailer $85 per jacket. At what price should the retailer mark them so he can sell them at a 15% discount off the selling price and sti

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A particular style of jacket costs the retailer $85 per jacket. At what price should the retailer mark them so he can sell them at a 15% discount off the selling price and sti      Log On


   



Question 944907: A particular style of jacket costs the retailer
$85 per jacket. At what price should the retailer mark them so he can sell them at a
15% discount off the selling price and still make
20% profit on his cost?

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Selling price for 20% profit on the cost is:
+85+%2B+.2%2A85+=+1.2%2A85+
+1.2%2A85+=+102+
-------------------
Let +s+ = the price retailer should mark them
+s+-+.15s+=+102+'
( He still needs to make 20% profit at discounted price
++.85s+=+102+
+s+=+120+
He needs to mark them at $120 each
'