Question

A grocery store sells a can of soup for $2.40 If they apply a 60% markup before selling it how much did the grocery store pay for the soup

Answer 1

$0.96

Explanation:

You will pay $0.96 for a item with original price of $2.40 when discounted 60%. In this example, if you buy an item at $2.40 with 60% discount, you will pay 2.40 - 1.44 = 0.96 dollars.

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