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A store makes a profit of $8 on a sweater after a markup of 40%. What is the selling price of the sweater?

A store makes a profit of $8 on a sweater after a markup of 40%. What is the selling price of the sweater?
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A store makes a profit of $8 on a sweater after a markup of 40%. What is the selling price of the sweater?

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User Gintautas Miliauskas
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7.6k points

1 Answer

0 votes
Use ratios:
(40)/(100) =
(8)/(7)

Since 40/8=5, then you do the same on the bottom. 100/5=20, so the sweater was originally $20.
answered
User ZlobnyiSerg
by
7.5k points
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