Question

A furniture store owner buys a sofa for $400 and marks it up %90 to sell it. During the stores anniversary sale she sells the sofa for %25 off. How much profit will the store owner make on the sofa during the anniversary sale?

Answer 1

Anniversary sale price= $570

Explanation:

Giving the following information:

Purchase cost= $400

Mar-up percentage= 90%

First, we need to calculate the "normal" selling price:

Selling price= 400*1.9= $760

Now, we can determine the anniversary sale price:

Anniversary sale price= 760 - (760*0.25)= $570