Aclothing store bought a sweater for a certain price and marked it up 70%. the sweater didn't sell, so the store owner took 25% off the original sale price and it sold at that price. what percent profit did the store make?

Its easy to solve this problem by taking 100 as the cost price of the sweater.

If it is marked up 70%, the selling price is 70% more than 100, which is 170 as shown below:

Selling price =

Now we need to subtract 25% of 170 from 170 to get his new price (at which he sold).

New price =

He sold it for $127.5. So how much profit did he make?

Profit = Income - Cost = dollars

In percentage, %

ANSWER: 27.5% profit

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