Asked by kate
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%?
Answers
Answered by
oobleck
1/5 * 1500 * 0.85 + 4/5 * 1500 * x = 1500 * 1.15
x = 1.225
or a 22.5% markup
x = 1.225
or a 22.5% markup
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