Math Problem Statement
A CD was marked down 10% during a yearend sale. The record outlet paid 200 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
Algebra
Percentages
Profit and Loss
Formulas
Profit = 0.12 × Selling Price
Profit = Selling Price - Expenses - Cost Price
Expenses = 0.15 × Selling Price
Sale Price = Regular Selling Price × (1 - 0.10)
Theorems
Profit and Loss Theorem
Suitable Grade Level
Grades 9-10
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