Math Problem Statement
. A CD was marked down 10% during a yearend sale. The record outlet paid P200 for that CD and the expenses are 15% of the selling price. To a achieve a profit of 12% of the selling price what was the regular selling price? What was its sale price? How much is the profit or loss?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage
Profit and Loss
Algebra
Formulas
Profit = Selling Price - (Cost Price + Expenses)
Sale Price = Regular Selling Price * (1 - Discount Rate)
Expenses = 0.15 * Selling Price
Profit = 0.12 * Selling Price
Theorems
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Suitable Grade Level
Grades 10-12
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