A store marks a book 30% above the cost. But during a sale, a 10% discount was given. If the book costs $50, what is the percent profit? Let's answer step by step:
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The store made a $50 x 30 / 100 = $15 profit for selling it 30% above the cost. So, the book was sold for $50 + $15 = $65. During a sale, the book’s selling price decreased by $65 x 10 / 100 = $6.50. So, the book was sold for $65 - $6.50 = $58.50. There was $58.50 - $50 = $8.50 profit after the discount. Therefore, the percent profit is $8.50 / $50 x 100% = 17%. The answer: 17.
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