a pet store owner set the price of a bag of cat food at 50% above the cost. when it did not sell, the price was reduced 20% to 12$ what was

Question

a pet store owner set the price of a bag of cat food at 50% above the cost. when it did not sell, the price was reduced 20% to 12$ what was the original cost

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Ella 2 months 2021-09-14T10:01:27+00:00 1 Answer 0 views 0

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    2021-09-14T10:03:17+00:00

    Answer:

    $10.

    Step-by-step explanation:

    Let x represent the original cost of bag of cat food.

    We have been given that a pet store owner set the price of a bag of cat food at 50% above the cost. So the cost of cat food would be x plus 50% of x.

    We are further told that the price was reduced by 20%, when it did not sell. So price of cat food after reduction would be  minus 20 percent of .

    Since price after reduction was $12, so we will equate  with 12 as:

    Therefore, the original cost of cat food was $10.

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