Question

If goods are purchased for $1500 and one fifth of them sold at a loss of 15%. Then at what mark up rate should the rest be sold to obtain a overall markup rate of 15%?

Answer 1

1/5 * 1500 * 0.85 + 4/5 * 1500 * x = 1500 * 1.15
x = 1.225
or a 22.5% markup