Question

At Harry’s discount handware everything is sold for 20% less than the price marked .if Harry buys tool kits for $80 what price should he mark them of he wants to make 20% profit on his cost

Answer 1

Answer is D-$120

20% of $80=16
so, the selling price=80+16=$96
Let, by the mark price of 20% profit=x
so, x-(20% of x)=96
or, x-x/5=96
or, x= (96*5)/4
or, x=$120 (Ans)