Question

The owner of a small store buys coats for 40.00 each. She sells the coats for 72.00 each. What percent of the purchase price is the sales price?

Answer 1

In order to calculathe the percent, we just need to divide the sales price by the purchase price.

So we have:

`(72)/(40)=(36)/(20)=(18)/(10)=1.8=180\text{\%}`

Therefore the sales price represents 180% of the purchase price.