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Question

A store charges $280 for a coat. This price is 40 percent more than the amount it cost the store to buy the coat. At the end-of-season sale, the store employees can purchase any remaining coats at 30 percent off the price that store paid for them. How much would it cost an employee to purchase the coat at the sale?

Answer 1

1.40c = 280

c = (280/1.4)

0.70c = (0.70)(280/1.4)