The sale price is $270.00
-37.5%
2.40 (A+)
Each suit was $80 and you bought three. So the total cost was $240.This is a truly terrible way to use the term "price," by the way. The price was $100. If the price fell by 20% to $80, the new price would be $80. But if the discount simply said "Take 20% off your purchase," the price hasn't changed -- it's still $100 per suit.
Calculate the marginal cost of producing the suit. In an ideal, competitive world, the marginal cost = price, so this will be our base. Then you simply find 200 - marginal cost and this provides you the markup.
7% of 400.00 = 28.00
"35% off" means "65% still on".299 / 0.65 = 460
Then to suit would cost $133.64.
The total tax is $7.50 and the total price with tax is $157.50.
80%
-230
-37.5%
The original price was $857.14
Suit jackets are available from just about all clothing retailers and the best deals will typically be during a store's sale. So if one can bide one's time, wait for a sale then pounce on a suit jacket at a knock-down price.
2.40 (A+)
Each suit was $80 and you bought three. So the total cost was $240.This is a truly terrible way to use the term "price," by the way. The price was $100. If the price fell by 20% to $80, the new price would be $80. But if the discount simply said "Take 20% off your purchase," the price hasn't changed -- it's still $100 per suit.
Calculate the marginal cost of producing the suit. In an ideal, competitive world, the marginal cost = price, so this will be our base. Then you simply find 200 - marginal cost and this provides you the markup.
eBay, Amazon, a Garage sale.