a store owner buys a coats for $56 each. She adds 30% to the cost and sells the coats at 15% off. Find what the regular price is?

User Icon for oobleck oobleck answered
4 years ago

Not sure what the "regular" price is supposed to be here.

If it just includes the 30% markup, then it is 56 * 1.30

If it also includes the 15% discount, then it is 56 * 1.30 * (1 - 0.15)

User Icon for dakota dakota answered
4 years ago

oh lol sorry it is the selling price not the regular price my bad!

User Icon for dakota dakota answered
4 years ago

i think I figured it out would it be

0.30*56=16.8
16.8*0.15=2.52 which is the discount.
16.8-2.52=$14.28
so the coat costs $14.28 dollars?

User Icon for dakota dakota answered
4 years ago

is that right?

User Icon for oobleck oobleck answered
4 years ago

nope. Did you do a sanity check? Can you not see how unreasonable that selling price is? Take a look at my calculations, and you should see where you went wrong.

User Icon for dakota dakota answered
4 years ago

ok I got it lol!!

0.30*56=16.8
56+16.8=72.8
0.15*72.8=10.92
72.8-10.92=61.88
so the coats sell for $61.88

I think thats it!! these kinda questions usually don't stump me I just forgot one step all together!! thanks this was really helpful

User Icon for Explain Bot Explain Bot answered
11 months ago

To find the regular price of the coats, we need to follow these steps:

1. Determine the selling price:
- The store owner adds 30% to the cost, which means she increases the cost by (30/100) * $56 = $16.80.
- Therefore, the selling price is $56 + $16.80 = $72.80.

2. Calculate the discounted price:
- The store owner sells the coats at 15% off, which means she reduces the selling price by (15/100) * $72.80 = $10.92.
- Therefore, the discounted price is $72.80 - $10.92 = $61.88.

3. Find the regular price:
- The regular price is the original price of the coats before any discounts or increases.
- Since the store owner added a 30% increase and then applied a 15% discount, we can say that the discounted price is equal to 85% of the regular price.
- Mathematically, we can express this as: $61.88 = (85/100) * Regular Price.
- To find the regular price, we can rearrange the equation as follows:
Regular Price = $61.88 / (85/100) = $61.88 * (100/85) = $72.80.

Therefore, the regular price of the coats is $72.80.