cost = 1X
markup = 120% = 1.2x
retail = cost+markup = 1x+1.2x = 2.2x
sale price = (2.2x)*.8
clearance = (2.2x*.8)*.7
out the door = ((2.2x*.8)*.7)*.9 = 1.1088X =
"The frost on the ground probably envies the frost on the trees."
|His Royal Hiney|
The bolded part is where most people get messed up.
Price = Mark up + Cost = (120% * Cost) + (100% * Cost) = 220% * Cost
To figure the price paid after all the discounts:
Actual Sale Price = Cost * 2.20 * 0.80 * 0.70 * 0.90 = 1.1088 * Cost
Profit = Actual Sale Price - Cost = (1.1088 * Cost) - Cost = (1.1088 - 1) * Cost = 0.1088 * Cost = 10.88% * Cost.
"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
WOW, an October 2017 thread pops to the top.... How did that happen?
Speak softly and carry a
|On the DL|
A mind is a terrible thing.
|I can't tell if I'm |
tired, or just lazy
That's what I came up with....60.48 to be exact.
"The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living."
|Muzzle flash |
Please show your computations to get that figure. Competent math has been given to show the Profit was 10.88% (based on one interpretation of the problem--the other interpretation gave a loss).
Texan by choice, not accident of birth
When they ask me, "Paper or plastic?" I just say, "Doesn't matter to me. I am bi-sacksual."
|A Grateful American|
"the meaning of life, is to give life meaning" ✡ I could explain it to you, but I can't understand it for you.
|Powered by Social Strata||Page 1 2|