Q:

The owner of a small store buys coats for 50.00$ each. A .She sells the coats for 90.00 each. What percent of the purchase price is the selling price? B. The owner increases the sale price the same percent that you found in part A when she buys jackets for $35 and sells them. How many jackets must the owner buy for the total jacket sales to be at least $250? Explain your answer.

Accepted Solution

A:
Answer:Step-by-step explanation:A)The owner of a small store buys coats for 50.00$ each. She sells the coats for 90.00 each. Profit = selling price - cost priceProfit = 90-50 = $40percent of the purchase price is the selling price will bePurchase or cost price/selling price Γ— 100= 50/90 Γ—100 = 55.56%B) she buys jackets for $35 and sells them. The owner increases the sale price the same percent as in part A.This means Cost price /selling price Γ— 100 = 55.5635/selling price Γ— 100 = 55.5635Γ—100 = 55.56 Γ— selling priceSelling price = 3500/55.56 = 62.99To find the number of jackets that the owner must buy for the total jacket sales to be at least $250,it becomes250/62.99 = 3.96The Least number of jackets jackets is 4. She cannot buy 3.96 jackets because it must be whole. If he buys 3 jackets, he would make lesser than $250