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prealgebra intermediate

Problem

A jobber buys an article at less . He then wishes to sell the article at a gain of of his cost after allowing a discount on his marked price. At what price, in dollars, should the article be marked?
(A)
(B)
(C)
(D)
(E)
Solution
The item is bought for minus of . Since , the item was purchased for , or . He wants to make of the purchase price, or . This means the price must actually sell for . If the article were marked for dollars, then after the discount, it would sell for . Thus, we have , which leads to , or dollars. The correct answer is
Final answer
E