Question

A sports shop buys tents for $260 less 25% for buying more than 30 tents. The store operates on a markup of 30% of the sale price and advertises that all items are sold at a discount of 20% of the regular price. What is the regular price of the tents?

Answer 1

Answer: $253.50

Explanation:

Markup = 30% of sale price

Store purchase price = (100% - 25%) × 260

Store purchase price = 75% × 260

Store purchase price = 0.75 × 260

Store purchase price = $195

Regular selling price = markup × purchase price

Markup = 30% of purchase price (100+30)%

Regular selling price :

1.30 × $195 = $253.50