08-04-2016
Mathematics

Answered

A store makes a profit of $8 on a sweater after a markup of 40%. What is the selling price of the sweater?

Verified Answer :

08-04-2016

Use ratios: \(\frac{40}{100}\) = \(\frac{8}{7}\)

Since 40/8=5, then you do the same on the bottom. 100/5=20, so the sweater was originally $20.

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