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A computer company gives a discount of 10% off of the marked price on a new
piece of software. If it makes a profit of 11% on this sale, what percent does the
marked price exceed the cost price?

  • Math -

    sale price = 1.11 cost

    sale price = 0.90 marked price
    0.90 marked price = 1.11 cost
    marked price = 1.23 cost

    so 23 %

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