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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
  
160​% of the purchase price.
Part 2
b. The owner increases the sale price by the same percent that you found in part a when he buys jackets for ​$45 and sells them. How many jackets must the owner buy for the total jacket sales to be at least ​$250​? Explain your answer.
The owner must buy
  
enter your response here ​jacket(s).

1 answer

To solve the problem, let's break it down into the two parts as specified.

Part a:

The purchase price of the coat is $60. The sale price is $96. We want to find what percent the sale price is of the purchase price.

We can calculate this as follows:

\[ \text{Percentage of sale price to purchase price} = \left( \frac{\text{Sale Price}}{\text{Purchase Price}} \right) \times 100 \]

Substituting the values:

\[ \text{Percentage} = \left( \frac{96}{60} \right) \times 100 = 1.6 \times 100 = 160% \]

So, the answer to part a is: 160%.


Part b:

We found that the sale price is 160% of the purchase price. Now, let's find the new sale price when the owner buys jackets for $45, using that same percentage increase.

If the purchase price of the jacket is $45 and we increase this by 60%:

We first need to calculate what 160% of $45 is:

\[ \text{Sale Price} = 1.6 \times 45 \]

Calculating that:

\[ \text{Sale Price} = 72 \]

Now, we need to determine how many jackets must be sold at this sale price ($72) for the total jacket sales to be at least $250.

We can set up the equation:

\[ 72 \times n \geq 250 \]

Where \(n\) is the number of jackets.

Solving for \(n\),

\[ n \geq \frac{250}{72} \approx 3.47 \]

Since \(n\) must be a whole number, we round up to the next integer:

Thus, \(n = 4\).

So, the owner must buy 4 jackets.

In summary:

  • Part a: The sale price is 160% of the purchase price.
  • Part b: The owner must buy 4 jackets.
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