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OpenStudy (anonymous):
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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OpenStudy (mertsj):
The selling price was 1.04 times cost since they made a 4% profit. SP=1.04c The marked price was 1.10 times the selling price. Marked Price=1.10SP Substitute. MP = 1.10(1.04c)=1.144c So the marked price exceeds the cost by 14.4%
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