A man bought a bag for $30 and decided to sell it for 15% off in his store. However, he wanted to make 20% of this sale, what price should he mark the bag?

Guest Feb 13, 2015

#1**+26 **

The way I interpreted it, the man wants to make a 20% profit on the bag **after** the 15 discount.

In this case, you would first find what 20% profit on $30 is, and then find what the total would be before the 15% discount:

So:

20% * $30 + $30

= 1.2 * 30

= 36

So the man would need to sell the bag for a final price of $36, **after** the discount.

Therefore, we now need to find the price of the bag before the 15% discount, which we can call x:

x - 0.15x = 36

0.85 x = 36

x =42.35

So he needs to sell it for $42.35 before the discount, or $36 after the discount.

kitty<3 Feb 13, 2015

#1**+26 **

Best Answer

The way I interpreted it, the man wants to make a 20% profit on the bag **after** the 15 discount.

In this case, you would first find what 20% profit on $30 is, and then find what the total would be before the 15% discount:

So:

20% * $30 + $30

= 1.2 * 30

= 36

So the man would need to sell the bag for a final price of $36, **after** the discount.

Therefore, we now need to find the price of the bag before the 15% discount, which we can call x:

x - 0.15x = 36

0.85 x = 36

x =42.35

So he needs to sell it for $42.35 before the discount, or $36 after the discount.

kitty<3 Feb 13, 2015