Question

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

Answer 1

So they must sell the watch for at least $40 to make $20. Would you agree?

Answer 2

yes.

Answer 3

so the question is what percent of $75 = $40 or
n(75)=45

Answer 4

yes.

Answer 5

So we get 60% when we solve that. But of course that is the amount they must be paid so if they must be paid 60%, they can give a discount of 40%

Answer 6

oohh thanks!

Answer 7

yw