The owner of a small store buys coats for $55.00 each. Answer parts a and b. a. He sells the coats for $77.00 each. What percent of the purchase price is the sale price? The sale price is 140 % of the purchase price. b. The owner increases the sale price by the same percent that you found in part a when he buys jackets for $35 and sells them. How many jackets must the owner buy for the total jacket sales to be at least $340 ?

Question

Esperanza Hernandez

Mathematics

23 August, 04:08

The owner of a small store buys coats for $55.00 each. Answer parts a and b. a. He sells the coats for $77.00 each. What percent of the purchase price is the sale price? The sale price is 140 % of the purchase price. b. The owner increases the sale price by the same percent that you found in part a when he buys jackets for $35 and sells them. How many jackets must the owner buy for the total jacket sales to be at least $340 ?

+1

Answers (1)

Know the Answer?

Alan Murillo · Answer 1

Th owner must buy 7 Jackets

Step-by-step explanation:

a. Purchase price=$55, Sell Price = $77

Sell Price = $55+$22

= Purchase price + 40*55/100

=Purchase price + 40% of Purchase price

=140% of purchase price

b. Purchase Price=$35

Sell price=140%of $35

=140*$35/100

=$49

Number of Jackets required for the total sale to be $340 = $340/$49

=6.94

So We get the result by rounding off because Jackets cannot be in fraction, which is 7