Question

You find a coat that you would like to buy priced at $92. The percent of markup for this clothing store is always 125%. How much did the clothing store pay for this coat?

Answer 1

The clothing store paid $73.60 for this coat.

Explanation:

Let us assume that, the clothing store paid x for this coat. i.e the cost price of the coat is x.

The percent of markup for this clothing store is always 125%. Hence the marked price of the coat will be,

`=x* (125)/(100)`

But the marked price of the coat is given as $92.

So,

`\Rightarrow x* (125)/(100)=92`

`\Rightarrow x=92* (100)/(125)`

`\Rightarrow x=\$73.60`

Therefore, the clothing store paid $73.60 for this coat.