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The manager of an office supplies chain store purchased 2,000 leather chairs at $240 each and plans to give her customers a 20% discount on the chairs during a Labor Day sale. At what price should she mark each of these chairs before the sale, so that when she sells one of the chairs during the sale, she makes a 40% profit on its cost?

The manager of an office supplies chain store purchased 2,000 leather chairs at $240 each and plans to give her customers a 20% discount on the chairs during a Labor Day sale. At what price should she mark each of these chairs before the sale, so that when she sells one of the chairs
during the sale, she makes a 40% profit on its cost?

Grade:12th pass

1 Answers

Sourabh Singh IIT Patna
askIITians Faculty 2104 Points
8 years ago
cost becomes 0.8C but the cost price has to be 1.4C/ .
1.4C/ . = .8C
C/ = 4/7*C

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