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Question

Part 1
The owner of a small store buys coats for ​$40.00 each. Answer parts a and b.
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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.

Answer 1

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.