A computer company gives a discount of 10% on a new piece of software. If it makes a profit of 9%, what percent does the marked price exceed the cost price?
marked price = 100%
original price=o o(1+.09)*(.9)=
marked price - discount =paid price paid price = profit+cost price
marked price - cost price = ?
Well if the marked price was 100, minus 10% it would be $90. I get that part, but after that I'm lost.
so 90%=profit +cost price profit =9%
what is the cost price?
The question itself doesn't have one, but I figured we'd use $100
try that bit again
THis is where I get confused. But if we go by the work, then $10?
how did you get 10?
90/9 but for some reason I keep thinking it should be the other way around...
90%=profit +cost price 90%-profit =cost price profit =9% cost price=?
81
-Makes a note.- Never do this on 2 hours of sleep.
the question is asking for this quantity marked price - cost price =
100-81 = 19
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this is the mark up
Okay. I think I halfway get it now.
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