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What is the cost price of a toy marked at 280 being sold at a discount of 15 percent when the profit made in this sale 13 and a third percent?
A 15% discount means the amount paid is 100% - 15% = 85 % of the full price
→ sales price = 85/100 * 280 = 238.
Now the cost price depends upon what you (or rather your question setter) means:
- If the profit is the mark-up (on cost):
→ cost_price = sales_price ÷ (1 + mark_up/100%)
→ cost_price = 238 ÷ (1 + 13 1/3% / 100%)
→ cost_price = 238 ÷ (34/30)
→ cost_price = 238 × 30/34 = 210
- If the profit is the profit margin (on sales)
→ cost_price = sales_price × (1 - profit_margin/100%)
→ cost_price = 238 × (1 - 13 1/3% / 100%)
→ cost_print = 238 × 26/30
→ cost_price = 206 4/15 = 206.26 2/3 ≈ 206.27
Based on the roundness of the answer, your question setter probably meant the first (though the second is what most businessmen would understand by profit).
What else can I help you with?
How do you figure out a problem that wants to know the original price and gives you the amount of discount?
Let x equal the original price. Let's say the sale is 25 percent off. That means that 0.75x = the sale price. To find the original price, divide the sale price by the decimal equivalent of 100 minus the discount. Example: You bought an item for 48.00 that was marked as being 20 percent off the original price. The original price was 48.00 divided by 0.80 or 60.00
When is 30 percent off better than 30 percent off?
The phrase "30 percent off better than 30 percent off" might refer to a situation where two promotions are being compared, such as a 30% discount on a higher-priced item versus a 30% discount on a lower-priced item. In this case, the better deal is the one that results in a greater monetary saving or a more desirable product. Additionally, if one of the discounts applies to a more valuable or necessary item, it could be considered "better" despite both being the same percentage.
Does halliburton get discount with GM or Cheverlet?
Yes, you receive a discount for being a Halliburton employee.
How much is a 15 percent discount for something worth 379.99?
322.99If you're taking off 15%, then you're really being charged for 85% of the value (100-15).85% of 379.99 = 0.85 × 379.99 = 322.99
Today a table is being sold at a 28 percent discount the sell price is 594 dollars what is the original price?
28% means 28/100 = 0.28 But, you want to get back to the original price, so you take the difference from the whole, which is 0.72 $594/0.72 = $825 the original price
When a discount is 10 percent is given on on an item being sold at a profit of 20 percent on the cost price the sales volume trebles what is the ratio of new profit to original profit?
3:2
How can a discount broker offer a cheaper commission and still turn a profit?
Discount brokers are able to offer a cheaper commission and turn a profit by dealing with the basics only executing the transaction and not offering advice on investing and buying, as other types of stock brokers do. Discount stock brokers typically receive their commission from fund managers, and not directly from the investors. Because of the reduced amount of time spent per customer, due to it being an execution only type job, a discount broker can charge small fees and still turn a decent profit from their work.
At a sale this week a table is being sold for 247 This is a 24 percent discount from the original price What is the original price?
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How do you figure out a problem that wants to know the original price and gives you the amount of discount?
Let x equal the original price. Let's say the sale is 25 percent off. That means that 0.75x = the sale price. To find the original price, divide the sale price by the decimal equivalent of 100 minus the discount. Example: You bought an item for 48.00 that was marked as being 20 percent off the original price. The original price was 48.00 divided by 0.80 or 60.00
What is the difference between discount and markdown?
Discount fluctuates and it has various types like Frequent shopper discount, senior citizen discount, membership discount. Though discount is being given to the customer, Retailer gets cheaper profit always. MarkDown is gradual and it is mostly used to sell the old inventory items and any items which retailer feels occupying the space for long time. MarkDown is more applicable for seasonal items, as the necessity decreases when the season is finished. When retailer sells in MarkDown price, it will be a loss but it helps them to bring in new items where they can get some profit. In Simple layman language, MarkUP price = Purchased price + profit price MarkDown price = Purchased price - loss price
At a sale this week a sofa is being sold for 475 This is a 24 percent discount from the original price what is the original price?
The original price was 625.
The shoes were marked up 90 percent after being autographed by the sports star If they were originally 70 what was the new price?
133
What is the usual percent discount during tire sales events?
The percentage discount for tire sales varies vastly, some offers being up to 70% off tires and others being as little as 5%. The discount depends highly on the company and also the type of tire required, as usually the high end tires have smaller discounts.
How to find out discounts?
first u need to change the percent to a decimal by moveing the decimal 2 place to the left (20%=.20) then mutiply the decimal with the amount number (.02 times 425=8.50)
How many businesses offer a discount for being an AARP member?
Several businesses offer discounts for being an AARP member such as Budget Truck Rental which gives ten percent to the member.
What are some of the benefits of being a member of Accor Advantage Plus?
There are many advantages and benefits that can occur from being a member of Accor Advantage Plus. These include 50 percent discounts at selects Hotels, and an unlimited 15 percent discount on beverages across Asia.
When is 30 percent off better than 30 percent off?
The phrase "30 percent off better than 30 percent off" might refer to a situation where two promotions are being compared, such as a 30% discount on a higher-priced item versus a 30% discount on a lower-priced item. In this case, the better deal is the one that results in a greater monetary saving or a more desirable product. Additionally, if one of the discounts applies to a more valuable or necessary item, it could be considered "better" despite both being the same percentage.
