In order to give his customers a 25% discount on the price and still net a 25% profit on the cost of an item, at what price should a merchant mark an item if it cost him $16.80?

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter3: Triangles
Section3.5: Inequalities In A Triangles
Problem 39E
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In order to give his customers a
25% discount on the price and still
net a 25% profit on the cost of an
item, at what price should a
merchant mark an item if it cost him
$16.80?
A) $21.00
B) $25.20
C) $26.25
D) $28.00
Transcribed Image Text:In order to give his customers a 25% discount on the price and still net a 25% profit on the cost of an item, at what price should a merchant mark an item if it cost him $16.80? A) $21.00 B) $25.20 C) $26.25 D) $28.00
Expert Solution
Step 1

Lets take mark price = x

after giving 25 % discount 

selling price =x-25% x=0.75x

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