• Sales

    A merchant sells an item at a 20 percent discount, but still makes a gross profit of 20percent of the cost. What percent of cost would be gross profit on the item have been if it had been sold without the discount?

    Please help to solve ou

    Posted By:
    fred

Answer

  • X = final price

    Y = start price

    X - 0.2*X = Y + 0.2*Y

    X = Y * 1.2/0.8 = Y * 1.5

     

    So initially profit is 50% of initial cost.

    Answered By:
    volosnikpk

2258

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