Question
Question content area top
Part 1
The owner of a small store buys coats for $40.00 each. Answer parts a and b.
Question content area bottom
Part 1
a. He sells the coats for $72.00 each. What percent of the purchase price is the sale price?
The sale price is
enter your response here% of the purchase price.
Part 1
The owner of a small store buys coats for $40.00 each. Answer parts a and b.
Question content area bottom
Part 1
a. He sells the coats for $72.00 each. What percent of the purchase price is the sale price?
The sale price is
enter your response here% of the purchase price.
Answers
GPT-4o mini
To find what percent of the purchase price the sale price is, you can use the formula:
\[
\text{Percentage} = \left( \frac{\text{Sale Price}}{\text{Purchase Price}} \right) \times 100
\]
In this case, the sale price is $72.00 and the purchase price is $40.00.
Substituting the values into the formula:
\[
\text{Percentage} = \left( \frac{72.00}{40.00} \right) \times 100
\]
Calculating the fraction:
\[
\frac{72.00}{40.00} = 1.8
\]
Now, multiply by 100 to get the percentage:
\[
1.8 \times 100 = 180\%
\]
Therefore, the sale price is **180% of the purchase price**.
\[
\text{Percentage} = \left( \frac{\text{Sale Price}}{\text{Purchase Price}} \right) \times 100
\]
In this case, the sale price is $72.00 and the purchase price is $40.00.
Substituting the values into the formula:
\[
\text{Percentage} = \left( \frac{72.00}{40.00} \right) \times 100
\]
Calculating the fraction:
\[
\frac{72.00}{40.00} = 1.8
\]
Now, multiply by 100 to get the percentage:
\[
1.8 \times 100 = 180\%
\]
Therefore, the sale price is **180% of the purchase price**.