Question

Kim takes some furniture to a consignment store the store sells used items for 20% of the selling price the remaining percent of the selling price goes to seller Kim what percent of the selling price p is the amount the seller gets

Answer 1

80%

Explanation:

The product that is being sold, is being sold for a specific price. This price would be 100% of the money being received from selling the product. Since the store is taking a 20% fee for selling the product on behalf of Kim. Then that means that 20% is being subtracted from the total value of the product (100%) like so...

100% - 20% = p

80% = p

Therefore, that would leave Kim with 80% of the selling price as profit for herself.