Question

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?

Answer 1

The sale price of the coats is 160% of the purchase price of the coats.

Step-by-step explanation:

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

step 1: 96= x% of 60

step 2: 96= (x/100)*60

step 3: 96= 6x/10

step 4: 960/6 = x

step 5: x = 160%