BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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He bought a running shoes for 500 during a inventory sale. If the original cost was 1200, what part of the original cost is the discount?
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5/12
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500/1200
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12/5
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Explanation:
Detailed explanation-1: -Step 2: Set up the equation P=(1−d)x P = ( 1 − d ) x to find the original price of the item where P is the sale price, d is the discount as a decimal, and x is the original price of the item.
Detailed explanation-2: -Cost of goods sold formula Starting inventory + purchases − ending inventory = cost of goods sold.
Detailed explanation-3: -The discount and markup can be calculated using the following formula: Discount = Original price – Sale price. Discount = Discount %
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