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A Discount Furniture Store Bought a Bed at the Wholesale

Question 123

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A discount furniture store bought a bed at the wholesale price of $665. The "regular price" of the bed is set so that, in a "20% off" sale, the rate of mark-up on selling price is 30%.
a) What is the price of the bed in a "20% off" sale?
b) What is the "regular price" of the bed?

Correct Answer:

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a) $950.00...

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