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?
1 answer:
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.
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