a furniture dealer purchased a desk for $ 240 and then set the selling price equal to the purchase price plus a markup that was 40 % of the selling price . if the dealer sold the desk at the selling price , what was the amount of the dealer ' s gross profit from the purchase and the sale of the desk ?
"purchase price = 240 selling price = x 240 + 0.4 * x = x 0.6 * x = 240 x = 400 profit = 400 - 240 = 160 answer : c"
divide(multiply(subtract(divide(240, subtract(const_1, divide(40, const_100))), 240), const_100), 240)