Sassy Fashions buys dresses at wholesale and then marks them up for retail sale. They recently sold a dress at a 40% discount off of their marked-up price. What percent mark-up did they originally apply to the dress if they broke even on the sale? Express your answer to the nearest whole percent
Suppose the marked-up price was $100. They discounted it by 40%. So what was the discounted price?
Originally Posted by sri340
If this was the original price they paid, what would be the percentage mark-up on this price to take the selling price up to $100? That's your answer.