Question

A store charges $280 for a certain coat. This price is 40 percent more than the amount it costs the store to buy one of these coats. At the end-of-season sale, store employees can purchase any remaining coats at 30 percent off the store’s cost. How much would it cost an employee to purchase a coat of this type at this sale? Thank you so much

Answer 1

Answer:

140$

Step-by-step explanation:

Stores sells coat at = 280$

Profit Margin =40%

Cost price = 280/140% ( 280$ is inclusive of 40% margin)

= 200$

Discount for employees= 30%

Cost price of Coat=200$

Cost for employee to buy a coat = 200- 30% of 200

= 200-60

140$

Answer 2

$140 is the answer of question