Question 67982

Let $x=price the candy is marked for sale in the candy shop

Then $x-0.48($x)=48% discount cost to customers

$7+0.56($7)=  56% profit on original cost


Now the discounted cost must equal the original cost plus the 56% profit.
So, our equation to solve is:

x-0.48x=7+0.56(7)
0.52x=7+3.92
0.52x=10.92
x=$21 ----------------price candy is marked for sale

ck

21-.48(21)=10.92------------ 48% discounted cost
$7+.56(7)=10.92 --------56% profit on original cost

Hope this helps------ptaylor