# Math

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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 -

0.8x = 80
x = 80/0.8
x = 100 >> selling price

0.8x = 100
x = 100/0.8
x = 125 >> marked price

• Math -

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 -

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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