Asked by von
A computer company gives a discount of 10% off of the marked price on a new
piece of software. If it makes a profit of 11% on this sale, what percent does the
marked price exceed the cost price?
piece of software. If it makes a profit of 11% on this sale, what percent does the
marked price exceed the cost price?
Answers
Answered by
Damon
sale price = 1.11 cost
sale price = 0.90 marked price
so
0.90 marked price = 1.11 cost
or
marked price = 1.23 cost
so 23 %
sale price = 0.90 marked price
so
0.90 marked price = 1.11 cost
or
marked price = 1.23 cost
so 23 %
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