Problem: a clothing store purchased a pair of pants for $ 90 and was selling it at a price that equaled the purchase price of the pants plus a markup that was 25 percent of the selling price . after some time a clothing store owner decided to decrease the selling price by 20 percent . what was the clothing store ' s gross profit on this sale ?
Rationale: sale price ( sp ) = 90 + markup ( mp ) - - > mp = sp - 90 and given mp = sp / 4 ( 25 % is 1 / 4 th ) so sp / 4 = sp - 90 3 sp / 4 = 90 sp = 120 now a discount of 20 % is given so new sp is . 8 * 120 = 96 profit = 96 - 90 = 6.0 $ answer is d
annotated_formula: subtract(divide(multiply(subtract(const_100, 20), add(divide(90, const_3), 90)), const_100), 90)