This business/management problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.
ScanSolve AI Answer
a) Determine the original cost price of the shirt. Step 1: Define variables and relationships. Let C be the original cost price. The shirt was marked up by 80%, so the marked price M is: M = C(1 + 0.80) = 1.8C The sale gives a discount of 35% from the marked price, so the sale price S is: S = M(1 - 0.35) = 0.65M The shirt is sold for R94.70, so S = R94.70. Step 2: Calculate the marked price (M). We know