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HELPP!! John bought a new mountain bike to sell in his shop. He is listing the mountain bike for $648 but offering a 25% discount off that price. If he sells the bike with the d…

HELPP!! John bought a new mountain bike to sell in his shop. He is listing the mountain bike for $648 but offering a 25% discount off that price. If he sells the bike with the d…
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5 votes
HELPP!!

John bought a new mountain bike to sell in his shop. He is listing the mountain bike for $648 but offering a 25% discount off that price. If he sells the bike with the discount he will still make a 20% profit. How much did John purchase the bike for?

asked
User Dbconfession
by
8.3k points

1 Answer

4 votes

Answer: $388.80

Explanation:

100% - 25% = 75%. 75% x 648 = 486. 486 x (1 - 20%) = 388.80

answered
User Gawicks
by
8.6k points
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