A clothes shop normally sells their goods at 80% above cost price. In a sale, the shop reduces the prices by 25%. What percentage profit does the shop make on clothes sold in the sale?
1 Answer
Jan 3, 2018
35%
Explanation:
The store's basic price is 80% above the cost price. Define
During the sale, they are taking 25% off of their own prices (they of course cannot affect the cost price), meaning that if we define
Converting
They are now selling for 35% above the cost, meaning that they will be making