A shoe store by packs of socks wholesale for $5 each and marks up by $40. The store decides to discount the packs of the socks by 40%. Is the discounted price $5.

Question

asked Oct 18, 2022 39.6k views

1 Answer

Lu Mike · Answer 1 · 2022-10-24T13:59:17+0000

Answer:

No

Explanation:

Price after the socks is marked up = $40 + $5 = $45

If the sock is discounted by 40%, the price of the socks would be 60% of the original price

0.6 x $45 = 27

The discounted price is $27