Math Problem Statement
6. 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
Percentage Calculations
Profit and Loss
Formulas
Profit = Selling Price - (Cost Price + Expenses)
Profit as percentage of selling price = 0.12x
Sale Price = 0.90 * Regular Selling Price
Theorems
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Suitable Grade Level
Grades 9-11
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