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9 May, 12:12

A store charges $280 for coat. This price is 40 percent more than the amount it cost the store to buy. At the end-of-season sale, store employees may purchase any remaining coats at 30 percent off the store's cost. How much would it cost an employee to purchase the coat at the sale?

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  1. 9 May, 12:57
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    Let cost price be x

    according to question

    x + 40% of x = 280

    x + 0.4x=280

    1.4x=280

    x=200

    this 200 is the store cost or cost price for store

    30%of 200 = 60

    according to question,

    cost for employee = 200-60 = 140
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