The owner of a furniture store is planning on selling a holiday sale. A five piece dining room set is a main item. He brought the set for 1,000 whole sell and set the retail price at 2,000 if he wants to make atleast 25% profit when selling. What's the lowest amount he can set the sale price at? I needed to know how to work the problem not the answer. Email at email@example.com if you can help
Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.
Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.
Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
So, profit is the amount above the price he bought at that he will be paid. i.e., it is the difference between the amount he was paid for it and the amount he paid for it. If you find what 25% of 1000 is, that's the profit he wants, and then you can figure out the sale price that that calculates to.