Astore pays a manufacturer $20 for a hat. to make a profit, the store prices the hat 60% higher than the amount they paid. later, a sale reduces the price of the hat by 10%. finally, a clearance sale reduces the sale price by 40%. what is the clearance price? will this price five the store a profit?

The clearance price is $17.28.

The clearance price will not give the store any profit.

Step-by-step explanation:

We have been given that a store pays a manufacturer $20 for a hat. To make a profit, the store prices the hat 60% higher than the amount they paid.

The price of the hat after increasing the price by 60% will be:

So, the price of hat after the increase of 60% will be $32.

As the sale reduces the price of hat by 10%, so the price of hat after sale will be:

So the price of hat after 10% sale will be $28.8.

As the clearance sale reduces the price by 40%, so price of hat after clearance sale will be 28.8 minus 40% of 28.8.

Therefore, the clearance price is $17.28.

As store has purchased the hat from manufacturer for $20 and sold it $17.28, therefore, the store will not have a profit.

1. minimum

2. 6400

3. eight

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