The owner of a small store buys coats for $50.00 each. Answer parts a and b.
a. He sells the coats for $70.00 each. What percent of the purchase price is the sale price?
The sale price is 140% of the purchase price.
b. The owner increases the sale price by the same percent that you found in part a when he buys jackets for $25 and sells
them. How many jackets must the owner buy for the total jacket sales to be at least $340? Explain your answer.