Question

ANSWER ASAP PLEASE!! (Please show your work)

A store pays $120 for a bicycle.
a. The store has a 60% markup policy. What is the selling price of the bicycle?

b. The store is now going out of business and is selling all of the bicycles at a 30% discount. What is the sale price of the bicycle?

c. Will the store make money or lose money on the bicycle? How much?

Answer 1

a. 60% of 120 is 72. 72 +120 is 192. they will sell the bike for $192

b. 30% of 192 is 57.6. 192-57.6 =134.4. the sale price is $134.40

c. they will make $14.40 because $134.40-$120=$14.40