Question 1086715
the house costs 400,000


he wants to sell it at 15% profit, so the final selling price has to be 400,000 * 1.15 = 460,000.


he wants to sell at a 20% discount, so the initial offering price is 460,000 / .8 = 575,000.


the retail price is 575,000.


the discount price is 575,000 - .20 * 575,000 = 460,000.


the profit made is 460,000 minus 400,000 = 60,000 = 15% of 400,000.