Gre Math Prep Questions
A store marks up the price of a jacket by 40% above the wholesale cost. During a sale, the store offers a 25% discount on the marked price. If the final sale price of the jacket is $84, what was the wholesale cost (in dollars)?
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Let (W) = wholesale cost. Marked price = (1.4W). Sale price after 25% discount = (0.75 \times (1.4W) = 1.05W). We know (1.05W = 84). Thus (W = 84 / 1.05 = 80). Answer: 80