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A store's cost for a stereo was $27. The markup was 75%. A customer purchased it on sale at 40% the marked up price. What was the purchase price of the stereo?

 Nov 16, 2017
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A store's cost for a stereo was $27. The markup was 75%. A customer purchased it on sale at 40% the marked up price. What was the purchase price of the stereo?

 

$27 x 1.75 = $47.25 - The price of the stereo after 75% markup

$47.25 x [1 - 40%] =

$47,25 x [60%]      =

$47.25 x 60/100    =$28.35 - The purchase price of the stereo at 40% discount.

 Nov 16, 2017

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