# Math

posted by .

A clothing retailer purchased a line of fall leather coats which were priced to sell at \$600 each. This price reflected a markup of 45% on the selling price. At the end of the season the retailer had three coats left, which were marked down to 25% and sold. What was the retailer's actual percentage markup on the coats that were sold at 25% off? Calculate this percentage both as a percentage of the selling price, and as a percentage of the cost price.

• Math -

If the markup was 45% of the selling price, the cost was 55%, so the markup based on cost was 80%.

So, if the cost was c,
1.8c = 600
c = 333.33

The sale price was 75% of 600, or 450.

So, the markup was 116.66

the sale price of 450 is thus a markup of

50% of cost
26% of selling price

## Similar Questions

1. ### math

A retailer wants to sell an item that costs \$18 at a list price that will provide a 25% markup on the selling price and give the customer a 40% discount. What is the list price?
2. ### math

A stationery retailer generally prices portable computers using a 30 percent markup. The retailer expects to sell 100 portable computers at the 30 percent markup. How many units would it have to sell at a 10 percent increase in price …
3. ### Marketing Math - markup/mark down

A clothing retailer purchased a line of fall leather coats which were priced to sell at \$600 each. This price reflected a markup of 45% on the selling price. At the end of the season the retailer had three coats left, which were marked …
4. ### MATH(markup and markdown )

A hi-fi set was purchased for RM7000.The hi-fi set will be resold by offering an 8% discount.If the retailer wants a 18% gross profit based on the net retail price,find the list price.
5. ### MATH(markup and markdown )

A retailer bought an item for RM40 less 10% and 5%.If the retailer intends to make a gross profit of 25% of the cost by selling the item at a 60% discount,find the list price.
6. ### statistics

At the start of December 2001, the retail price of a 25kg bag of cornmeal was \$10 in Zambia, while by the end of the month, the price had fallen to \$6. The result was that one retailer reported an increase in sales from 3 bags/day …
7. ### math

A retailer planned to buy some computers form a wholesaler for a total of Shillings 1,800,000. Before the retailer could buy the computers the price per unit was reduced by shillings 4,000. This reduction in price enabled the retailer …
8. ### math

A retailer planned to buy some computers form a wholesaler for a total of Shillings 1,800,000. Before the retailer could buy the computers the price per unit was reduced by shillings 4,000. This reduction in price enabled the retailer …
9. ### math

A retailer planned to buy some computers form a wholesaler for a total of shilling 1,800,000. Before the retailer could buy the computers the price per unit was reduced by shilling 4,000. This reduction in price enabled the retailer …
10. ### algebra

A particular style of sunglasses costs the retailer \$80 per pair. At what price should the retailer mark them so he can sell them at a 20% discount off the selling price and still make 30% profit on his cost?

More Similar Questions