Sonic Boom Obtained a Sound System for $2,400 Less 30

question 8

Short Answer

Sonic Boom obtained a sound system for $2,400 less 30% and 15%. The system was originally priced so that, when sold in a "20% off" sale, the store's overhead and operating profit represent 25% and 15%, respectively, of the sale price. In a Midnight Madness Special, the system was sold at a " off" special price.
a) What was the original "regular price"?
b) What was the profit or loss at the special price?

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Definitions:

Increased

Describes something that has become larger or greater in size, amount, or degree.

National Origins

Refers to the country or countries that people originate from, often considered in the context of immigration and demographic statistics.

Quota System

A policy or practice of limiting the number of people from certain groups who can do something, such as immigrate to a country, attend a school, or be employed in certain jobs.

Immigrants

Individuals who move from one country to another with the intention of settling or residing there.