How much profit will a store make on the sale of a flat screen TV that is marked up by 30% and then sold at a 20% discount if th

Question

3 years ago

14

e original price of the TV is $1500?

1 answer:

notsponge [240] · Answer 1 · 2022-10-01T13:39:09+03:00

The flat screen TV that is marked up by 30% and 20% discount had a profit of $60 after being sold.

The mark up percentage is given by:

Mark up percentage = (selling price - cost price)/cost price

Since the original price is $1500, hence:

30% = (selling price - 1500)/1500

0.3 = (selling price - 1500)/1500

(selling price - 1500) = 450

Selling price = $1950

It was again sold at a discount of 20%:

Final selling price= 1950 - 20% of 1950 = 1560

Profit = 1560 - 1500 = $60

Hence $60 profit was made by the store for the sale of a flat screen TV.