Concept explainers
To find: The maximum discount percent the store can use, if the store doesn’t want to loss money.
Answer to Problem 28E
The maximum discount percent the store can use is
Explanation of Solution
Given information: A store marks up the wholesale price of an item by
Calculation: The markup rate is
Let, The wholesale price of the item
Let’s find the retail price,
Retail price
Let’s find the maximum discount percent the store can use,
Hence, The maximum discount percent the store can use is
Chapter 7 Solutions
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
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