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Question

Part 1
The owner of a small store buys coats for ​$60.00 each. Answer parts a and b.
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Part 1
a. He sells the coats for ​$96.00 each. What percent of the purchase price is the sale​ price?
The sale price is
  
enter your response here​% of the purchase price.

Answer 1

To find what percent the sale price is of the purchase price, you can use the following formula:

\[ \text{Percent} = \left( \frac{\text{Sale Price}}{\text{Purchase Price}} \right) \times 100 \]

In this case, the purchase price is $60.00 and the sale price is $96.00. Plugging in the numbers:

\[ \text{Percent} = \left( \frac{96.00}{60.00} \right) \times 100 \]

Calculating this gives:

\[ \text{Percent} = \left( 1.6 \right) \times 100 = 160% \]

So the sale price is 160% of the purchase price.