Forum Discussion
bigdogger
Apr 09, 2014Explorer II
wmoses wrote:See previous post for correct algebra, elementary or not.bigdogger wrote:
Apparently people wouldn't know a good deal if it slapped them in the face. In your example, if true cost was $100.00 and the item had a 150% markup, retail price would be $250.00. Offer a 75% discount, sale price would be $62.50, which is $37.50 BELOW cost. Not a bad deal. It really does pay to have stayed awake during math class.
Not sure I understand who you are directing your reply to ... :h
The logic is different if the $100 in your example included the 150% markup, IOW one would have to back out the true cost using elementary algebra ... :W
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