An antique dealer usually charges 20 percent more than his purchase price any vase sold in his store. during a clearance sale, all items are marked 10 percent off. if the dealer sells a vase during the clearance sale, his profit on the vase (sale price minus purchase price) is what percent of the purchase price of the vase?

a. 8%

b. 9%

c. 10%

d. 11%

e. 12%

Question

Reese Kerr

Mathematics

12 March, 18:22

An antique dealer usually charges 20 percent more than his purchase price any vase sold in his store. during a clearance sale, all items are marked 10 percent off. if the dealer sells a vase during the clearance sale, his profit on the vase (sale price minus purchase price) is what percent of the purchase price of the vase?

a. 8%

b. 9%

c. 10%

d. 11%

e. 12%

+3

Answers (1)

Know the Answer?

Karen Proctor · Answer 1

The answer is c. 10%

We know that the antique dealer would normally charge 20% more than the price he purchased the item for. This also means that the antique dealer is making a profit of 20% on the items he sells. If the antique dealer hosts a 10% off sale, he is reducing the profit he is making from 20% to 10%.