A shoe store is offering shoes that regularly sell for $80.00 at a 25% discount. Halfway through the sale, the manager realizes that the discount percentage is too high, so she must increase the regular price of the shoes and the discount by the same amount so that the discount equals 18%. Write an equation that can be used to solve for X, the amount that must be added to both the discount and the regular price to equal the new discount percentage.

A shoe store is offering shoes that regularly sell for $80.00 at a 25% discount. Halfway through the sale, the manager realizes that the discount percentage is too high, so she must increase the regular price of the shoes and the discount by the same amount so that the discount equals 18%. Write an equation that can be used to solve for X, the amount that must be added to both the discount and the regular price to equal the new discount percentage.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter17: Making Decisions With Uncertainty

Section: Chapter Questions

Problem 6MC

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