# Math

Assume that the retail price of the product is \$85, the cost is \$47, and the expenses are \$13. Compute a new sale price using the formula for markdowns, assuming a 15 percent discount.

This is what I did, but I don't know where to incorporate the \$13 expenses.

\$85 retail price + \$47 cost
\$85 retail price – \$47 cost = \$38 markup / gross profit
Markdowns
\$85 retail price x .15 discount = \$12.75 markdown
\$85 retail price – \$12.75 markdown = \$72.25 sale price

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1. all you really need is the \$85 price. A 15% discount gives \$72.25

No mention is made of adjusting for profit or costs.

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posted by Steve

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