New shoes
Wholesaler Wendy bought a pair of new shoes from Amazon at a 50% discount of the marked price. She offers it to Trader Todd saying “I bought these at 80% of the marked price, but need to get rid of them. I will take a loss and sell them to you for 75% of the marked price”.
Todd belives Wendy and sells them for 90% of the marked price, thinking that the profit he made is $300 more than the loss that Wendy incurred.
Assuming that the marked price is constant, what was Wendy’s profit?
The answer is 750.
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1 solution
The given amount, $300 is 10% of the marked price. We need 25% of the marked price, that ia 300×25÷10=750$