After a Reduction of 16 2/3% of the Marked Price

question 11

Essay

After a reduction of 16 2/3% of the marked price, a pair of boots sold for $60.00. What was the marked price?

---

Definitions:

Investment

The act of allocating resources, usually money, into assets with the expectation of generating income or profit.

Gross Domestic Product (GDP)

The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, serving as a comprehensive measure of overall domestic production.

Investment

The allocation of resources, such as capital, with the expectation of obtaining an income or profit.

Corporation

is a legal entity that is separate from its owners, with its own rights and liabilities, and is created to conduct business.