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? Choices:	A) $14	B) $5	C) $10	D) $6	E) $8
Sale Price(SP) = 90 + Markup(MP)   --&gt; Mp = SP-90   and given MP=SP/4 ( 25% is 1/4th)   so SP/4= SP-90   3SP/4= 90   SP=120   Now a discount of 20% is given so NEW SP is .8 *120= 
<gadget id="calculator">.8 *120</gadget>
<output>96</output>
96   Profit=96-90= 
<gadget id="calculator">96-90</gadget>
<output>6</output>
6.0$   Answer is $6
<result>D</result>
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?