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

in progress 0
Mary 2 weeks 2021-09-14T08:44:18+00:00 1 Answer 0

Answers ( )

    0
    2021-09-14T08:45:40+00:00

    Answer:

    cost = $10

    Step-by-step explanation:

    let cost be x

    Price = x+ (0.5x)= 1.50x

    cost reduced in term of x is 20% of 1.50x

    \frac{20}{100} * 1.50x = 0.3x

    hence 1.50x – 0.3x = 12

    1.2x=12

    x= \frac{12}{1.2} = 10

    cost = $10

Leave an answer

45:7+7-4:2-5:5*4+35:2 =? ( )