Question

The original cost of a shirt is $40. A store manager marks up the cost by 20% to get

the selling price. During a sale, the store manager marks down the cost of the shirt
by 20%. What is the percent change from the original cost to the sale price? Is this
a percent increase or a percent decrease? Show your work.

Answer 1

Answer: Decrease? not 100% sure

Explanation:

Answer 2

Explanation:

Ans:percentage increased by 20

Gross profit/Cost of sales=20percent

Gross profit=20percent x cost of sales

Sales=120percent x cost of sales

Sales=120x40

=$48

48-40=$8

8/40x100percent=20percent