Question 1045375
he buys it for 25000 less 45%.
.45 * 25000 = 11250
25000 minus 11250 = 13750.
his net cost is 13750.


25% of it is marked up 160%.
25% of 13750 = .25 * 13750 = 3437.5
160% markup of 3437.5 = 1.6 * 3437.5 = 5500
markup is 5500.


total selling price is 13750 plus 5500 = 19250.


he bought it for 13750 and sold it for 19250.


his profit is 19250 minus 13750 = 5500


his profit margin is 5500 / 13750 = .4 = 40%.


here's a reference on markup and markdown.


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