Help for calculating the correct marked price?

Question

A) For this equation I need help calculating the marked price.

A retailer wants to make a 22% profit on the sale of a television set. The television set cost the retailer $560.

What should the marked price of the TV be?

Silly enough as it is, I'm having a complete mind blank and can't seem to wrap my head around this question. Help would be great and a big thanks in advance!

EDIT: Stupid me figured the second question out, turns out it was very simple and I was just over analyzing.

score 1 · Answer 1 · answered Nov 18 '14 at 10:16

1

Hint for B): The discount is $\$220 \cdot 0.3$. And the new price is $\text{original price - discount}$.

answered Nov 18 '14 at 10:16

callculus42

30,550

Thanks, just as you helped I figured it out! – sploop Nov 18 '14 at 10:16
Nice, that you figured out yourself. – callculus42 Nov 18 '14 at 10:19

score 1 · Accepted Answer · answered Nov 18 '14 at 10:19

1

Hint

Say that the cost for the retailer is $C$ and that he makes a profit of $x$ %; that is to say that to $1$ he pays, he adds $x$ percent. So, the sale price looks to be $$P=C \times (1+\frac{x}{100})$$

I am sure that you can take from here.

answered Nov 18 '14 at 10:19

Claude Leibovici

260,315

Awesome! Thanks to you I was able to figure it out! Thank you. – sploop Nov 18 '14 at 10:25
You are very welcome ! – Claude Leibovici Nov 18 '14 at 10:51

Help for calculating the correct marked price?

2 Answers2