The owner of a small store buys coats for $60.00 each. He sells the coats for $96.00 each. What percent of the purchase price is the sale price?

The sale price of the coats is 160% of the purchase price of the coats.

Step-by-step explanation:

The owner buys the coats at a purchase price = $60

He sells the coats for a selling price = $96

Now, the question is:

The selling price $96 is what percentage of the purchase price $60

step 1: 96 = x% of 60

step 2: 96 = (x/100) * 60

step 3: 96 = 6x/10

step 4: 960/6 = x

step 5: x = 160%