The owner of a small store buys coats for $60.00 each. He sells the coats for $96.00 each. What percent of the purchase price
is the sale price?
1 answer:
The sale price of the coats is 160% of the purchase price of the coats.
<u>Step-by-step explanation:</u>
The owner buys the coats at a purchase price= $60
He sells the coats for a selling price= $96
Now, the question is:
The selling price $96 is what percentage of the purchase price $60
<u>step 1</u>: 96= x% of 60
<u>step 2</u>: 96= (x/100)*60
<u>step 3</u>: 96= 6x/10
<u>step 4</u>: 960/6 = x
<u>step 5</u>: x = 160%
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Nope, 8ft is equal to 96 inches.