A merchant purchased a jacket for $60 and then determined a selling price that equaled the purchase price of the jacket plus a markup that was 25 percent of the selling price. During a sale, the merchant discounted the selling price by 20 percent and sold the jacket. What was the merchant's gross profit on this sale?
$0
$3
$4
$12
$15
20% mark up of the selling price: x= 60+0.25x
x=80
80*0.8=64
64-60=4
and then determined a selling price that equaled the purchase price of the jacket plus a markup that was 25 percent of the selling price
根据题意可以列出一个等式:sales=60+0.25sales;因此可以求出sales=80