A retail store makes k% profit on the selling price. What is the least integer value of k that will enable the store to make a

Question

A retail store makes k%
profit on the selling price. What is the least integer value of k
that will enable the store to make a profit of at least 30%
of the cost of the item?

Please answer as soon as possible. i do not understand. me and my friends dont uderstand.

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Latifah 5 years 2021-08-13T22:07:20+00:00 1 Answers 21 views 0

Answers ( )

  1. thugiang
    0
    2021-08-13T22:08:58+00:00
    Reply

    Answer:

    10

    Step-by-step explanation:

    The store wants to make a 20% profit:

    Multiply the cost of the toy by 1.20 ( cost plus 20%).

    6.25 x 1.20 = $7.50

    This means when the toy is sold at 25% off, it needs to be $7.50 to make the 20% profit.

    When the item is 25% off, that means it would sell for 75% of the original price.

    Now to find what the price needs to be before the 25% off divide the profit price by 75%

    7.50 / 0.75 = $10

    K = $10

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