Question

At Harry's discount hardware everything is sold for 20 percent less than the price marked. If Harry buys tool kits for $80,what price should he mark them if he wants to make a 20percent profit on his cost?

Answer 1

Answer:

$120.

Step-by-step explanation:

The amount he sells the tool kit for  = 80 + 20% of 80

= 80 + 16

= $96.

Let m be the marked price, then

m - 0.20m = 96

0.8m = 96

m = $120.