EulahSchrieber968
Answered

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the store made a 60% profit on the $180 selling price of the coat. what was the stores profit

Sagot :

mel2169


60% of $180.00 is $108.00

180 x .60 = 108

Hope this helps you out. :)

AL2006

You said that the store made 60% profit.

You may mean that 60% of the selling price was profit.
If so, then the profit is  (0.6 x $180) = $108 .

But you may mean that after the store bought the coat, marked it up,
and sold it for $180, they had made a 60% profit.  That's different.
It means that the $180 is 60% more than what the store paid for it.
If that's true, then
                              (1.6) x (their cost)  =  $180

Divide each side by  1.6 :    Their cost = ($180/1.6) = $112.50

Their profit  =  ($180 - $112.50)  =  $67.50

Check:
60% of $112.50 = (0.6 x $112.50) = $67.50
Total selling price=  ($67.50) + ($112.50)  =  $180            yay!
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