Question

A store buys jeans from the manufacturer for $30 each and sells them for a 50% profit. At the end of the season, the store reduces the price of jeans by 50%. What is the profit on the sale of the jeans during the season? Does the store make a profit on the sale of the jeans at the end of the season? Explain.

Answer 1

50% of $30.00 = $15.00 profit during season
The store does not make a profit on the sale of the jeans at the end of season because the store sells the jeans for $30.00 + $15.00 = $45.00
per jean. 50% sale reduces the price to half. $22.50. There will be a loss since the store purchased the jeans for $30.00