Question

1. A department store pays $20 for each watch in a shipment. The store sells the watches for $75. What is the maximum percent of discount the store can offer and make a profit of at least $20 on each watch? Round your answer to the nearest hundredth. (1 point)

Answer 1

If the profit is AT LEAST $20, then the SP should be $40. So maximum discount
= 35/75*100
= 7/15 * 100
= 7/3 * 20
= 140/3
= 46 2/3%

Answer 2

is 46.67 the answer

Answer 3

which is 46 2/3

Answer 4

thanks

Answer 5

Maximum selling price is equal to $20 + $20 = $40.
1% off $75 is $0.75
$75-$40 = $35 maximum discount.
35/0.75 = 46.67 => 47%

Answer 6

approximately 47%.