Question

sqdancefan PLEASE HELPP! So the store bought a dress for $35. The store policy is to mark up (increase) the price by 80%, which I got $63. But 5 weeks later the store decides to offer a 40% discount on the dress. If the dress is sold at 40% off, how much profit will the store make compared to how much they originally paid for the dress? Show how you figured it out.

Answer 1

discount =40%

Profit=?

cost price =$35

marked price =$35+80%of 35=$63

selling price =

marked price - discount % of marked price

=$63-40%of $63=63-25.2=$37.8

profit =selling price - cost price=$37.8-$35=$2.8

if profit% is needed

profit%=profit/cost price ×100%=

2.8/35×100%=280/35%=8%

Answer 2

8%

Explanation:

After the markup, the price of the dress in terms of the original purchase price p is ...

p(1 +80%)

After the discount, the selling price of the dress is ...

p(1 +80%)(1 -40%)

= p(1.8)(0.6) = p(1.08)

= p(1 +8%)

The selling price after the discount is 8% more than what the store paid for the dress. The store will make an 8% profit.