How do you figure this out?

Science & Mathematics by Anonymous 2018-06-11 03:30:38

Social Science

5 answers

At Harry's discount Hardware, everything is sold for 20 percent less than the price marked. If Harry buys tool kits for $80, what price should he mark them if he wants to make a 20 percent profit on his costs?

Anonymous

Since 20% of 80 is 16, Harry wants to get $96 for each kit he sells. What price should the tools be marked so that after a 20% discount the customer will pay $96? . 8x = $96 -> $96/0.8 -> $120
Anonymous

(1.2*80)/0.8=120
Anonymous

. 120% of $80 = 1.2 x $80 = $96
Anonymous

To make 20% on his cost he needs to make the money received $96 Because his sale is giving 20% discount the marked price = $x 0.8x = 96 x = $120
Anonymous

I figure it out by learning the necessary steps. Have you told your professor about difficulties in doing so? It s nothing to be ashamed of.