Multiple choice

A store marks up the cost price of a product by 40%. During a sale, it offers a 25% discount on the marked price. If the selling price after the discount is $180.60, what is the cost price of the product?

  1. $120
  2. $168
  3. $172
  4. $200
  5. $240
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let the cost price of the product be C. The marked price is 1.40C, and after a 25% discount, the selling price becomes 0.75 * 1.40C, which simplifies to 1.05C. Setting 1.05C equal to \$180.60 and solving for C gives a cost price of \$172.

AI explanation

Let the cost price be c, making the marked price 1.40c. After a 25 percent discount, the selling price becomes 1.40c multiplied by 0.75, which equals 1.05c. Setting this equal to 180.60 gives 1.05c equals 180.60, meaning the cost price is 180.60 divided by 1.05 which equals 172.

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