Question

The owner of a small business buys coats for $60 each. He sells the coat for $72.00 each. What percent of the purchase price is the sale price?

Answer 1

I believe it's 80%, not sure, but type in 72*60% or 72*0.6.

Explanation:

Answer 2

The sale price of the coats is 160% of the purchase price of the coats.

Explanation:

The owner buys the coats at a purchase price= $60

He sells the coats for a selling price= $96

Now, the question is:

The selling price $96 is what percentage of the purchase price $60

step 1: 96= x% of 60

step 2: 96= (x/100)*60

step 3: 96= 6x/10

step 4: 960/6 = x

step 5: x = 160%