Question

*A store charges $280 for a coat. this price is 40 percent more than the amount it cost the store to buy. at the end-of-season sale, the store employees can purchase any remaining coats at 30 percent off the store’s cost. how much would it cost an employee to purchase the coat at the sale?

Answer 1

Answer

$140

Explanation

Current charges by the store=$280

140%=$280

100%=?

(140/100) × x=$280

1.4x=$280

X=280/1.4 =$200 (amount it cost the store to buy a coat)

Increased price=$280-$200=$80

40%=$80

30%=?...$ 60 (simple math)

30 percent off the store’s cost = $200-$60 = $140