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08 Mar 2008, 07:19
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A retailer buys coats at $70 each, less 40 %. If he wants to sell them at a 25% discount and still make 50% of the cost, what should his marked price be?
$84
$90
$96
$112
$128
$84
$90
$96
$112
$128
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08 Mar 2008, 11:06
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A retailer buys coats at $70 each, less 40 %. If he wants to sell them at a 25% discount and still make 50% of the cost, what should his marked price be?
Retailer is paying = 70*40/100 = 28, 70 - 28 = $42 per coat
He want to get 50% more of this price so it should be = 42 + 21 (50% of what he paid) = 63
Now Marked price should be 25% more than 63 so that it looks like he is offering 25% discount on it.
Say marked price is X then X - X*25/100 = .75X = 63 => X = 63*100/75 = 21*4 = 84
Answer A.
Retailer is paying = 70*40/100 = 28, 70 - 28 = $42 per coat
He want to get 50% more of this price so it should be = 42 + 21 (50% of what he paid) = 63
Now Marked price should be 25% more than 63 so that it looks like he is offering 25% discount on it.
Say marked price is X then X - X*25/100 = .75X = 63 => X = 63*100/75 = 21*4 = 84
Answer A.
11 Mar 2008, 08:45
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the best ans. is A
Thanks
Thanks
Archived Topic
Hi there,
This topic has been closed and archived due to inactivity or violation of community quality standards. No more replies are possible here.
Where to now? Join ongoing discussions on thousands of quality questions in our Quantitative Questions Forum
Still interested in this question? Check out the "Best Topics" block above for a better discussion on this exact question, as well as several more related questions.
Thank you for understanding, and happy exploring!
