Problema Solution
A particular style of jacket costs the retailer $85 per jacket. At what price should the retailer mark them so he can sell them at a 15% discount off the selling price and still make 35% profit on his cost?
Answer provided by our tutors
Selling price for 35% profit on the cost is:
85 + 0.35*85 = $114.75
Let s represent the price retailer should mark the jackets.
s - 0.15s = 114.75
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click here to see the equation solved for s
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s = $135
The retailer needs to mark the jackets at $135 each.