maths

A computer company gives a discount of 10% on a new piece

of software. If it makes a profit of 4%, what percent does the marked

price exceed the cost price?

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asked by king
  1. cost price ---- x
    final selling price = 1.04x
    but that represents 90% of the marked price
    so the marked price = 1.04x/.9 = 1.1555...x

    so the marked price is 15.55..% higher than the cost price.

    e.g.
    suppose the cost price is $100
    marked up price = 100(1.155...) = 115.56
    now lets reduce that by 10% to get a selling price of .9(115.56) = 104.004
    profit = $4.00
    which on a $100 is 4%

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    posted by Reiny

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