Question

A sports jacket marked $48 Is offered at a discount of 25% during storewide sale At this reduced price the dealer makes a profit of 20% of the cost. The cost to the dealer is
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Answer 1

Answer:

$ 30

Step-by-step explanation:

If there is a 25% discount, (that's 1/4 of 48) so then the new price is $ 36. This represent 120% of the cost...so we write

 

1.20x = 36

x = $ 30

Answer 2

Answer:

30$

Step-by-step explanation:

mp=48$

dis=25%

profit=20%

cp=?

dis amount =25/100×48=12

sp =mp - dis =48-12=36

cp=100sp/100+profit%=100×36/100+20=30

hence cp is 30$ ..