Question

How much profit will the buisness make on the sale of a couch that is marked up by 1/3 and then sold at 1/5 off discount if the orignal price is $2400

Answer 1

Answer: $160

Step-by-step explanation:

You'll need to find the mark-up price first: $2400+1/3

1/3= $800

$2400+$800= $3200

$3200 is the mark-up price

Then you have to find the discount:

1/5 of $3200

$3200/5= $640

$3200-$640= $2560

Lastly, you have to find the profit:

$2560-$2400= 160