CharleneDejesusidn
Answered

IDNLearn.com offers a unique blend of expert answers and community-driven insights. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.

A product is currently priced at $10. If it is discounted by 10%, the profit margin
will be 10%. What is the cost of the product?

Sagot :

LukeDMidn

Either $8.18 or $8.10 -

Take %10 off of $10, and we are left with $9.

Now, we know that you are going to make a profit of %10 of whatever the cost was. Let x be the cost of the product. The cost of the product plus your profit margin must equal 9. Therefore:

x + 0.10x = 9

1.1x = 9

x = 8.18

The only thing is, I'm not sure if a profit margin of ten percent means you receive %10 of the cost (in which case this answer is correct), or %10 of the $9 (in which case the cost is $8.10). It's more a case of wording than math.

But if I had to, I'd answer $8.18. Maybe someone else can confirm. 

Your participation means a lot to us. Keep sharing information and solutions. This community grows thanks to the amazing contributions from members like you. Your questions find clarity at IDNLearn.com. Thanks for stopping by, and come back for more dependable solutions.