Question

13. A sports shop buys tents for $260 less 25% for buying more than 30 tents. The store operates on a
markup of 30% of the sale price and advertises that all items are sold at a discount of 20% of the
regular price. What is the regular price of the tents?​

Answer 1

Given:

A sports shop buys tents for $260 less 25% for buying more than 30 tents. The store operates on a

markup of 30% of the sale price and advertises that all items are sold at a discount of 20% of the

regular price.

To find:

What is the regular price of the tents?​

Solution:

From given, we have,

Markup = 30% of sale price

Store purchase price = (100% - 25%) × 260 = 75% × 260 = 0.75 × 260 = $195

Regular selling price = markup × purchase price

Markup = 30% of purchase price (100+30)%

Regular selling price = 1.30 × $195 = $253.50

Therefore, the regular price of the tents is $253.50