Question

Joseph wants to buy a new tennis

racquet which costs $200 from the
factory. The sports shop marks up the
price by 60%. Joseph bought the
racquet when the shop had a 25% off
sale. How much profit
did the shop make?

Answer 1

The shop made a profit about $40.

Explanation:

Now, According to the question We know that :

The shop marked the $200 price up by 60%.

60% of $200 is = $120.

Now, the price is = $320 because, 200 + 120 = 320.

Joseph bought the tennis racket at 25% off.

25% of $320 is = $80.

Now, the discount price is = $240 Because, 320 - 80 = 240.

So, Joseph bought the racket for = $240.

Now we know that the original price from the factory was $200.

Joseph bought it for $240.

So, the shop made a profit of $40.