Posted by **Vince** on Sunday, July 4, 2010 at 1:29pm.

At Harry's Discount Hardware everything is sold for 20% 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% profit on his cost?

- Math -
**Ms. Sue**, Sunday, July 4, 2010 at 1:51pm
0.8x = 80

x = 80/0.8

x = 100 >> selling price

0.8x = 100

x = 100/0.8

x = 125 >> marked price

- Math -
**Pintu**, Sunday, June 5, 2011 at 11:24pm
Ok, another solution for this problem:

20% of $80=16

so, the selling price=80+16=$96

Let, by the mark price of 20% profit=x

so, x-(20% of x)=96

or, x-x/5=96

or, x= (96*5)/4

or, x=$120 (Ans)

- Math -
**SKP**, Thursday, November 3, 2016 at 8:33am
the selling price is 80% of the marked price (m.p.)

moving on to the latter part of the question which states that 20% on $80 tools is Harry's profit. Making a profit of $16.So the selling price results to $96. Therefore,80% of m.p.=96.00 Solving this equation gives you m.p.=$120, which is your final answer

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