Assignment:
A man wants to buy a new winter suit and finds one he really likes, but it's too expensive. So he decides to wait. After thanksgiving, the price of the suit is marked down by 35%, but he waits. Just before Christmas, the store offers a sale on everything as 15% off the marked price. but he waits. For the after Christmas clearance sale, there is another 25% mark down,. ( no the after Christmas clearance sale, there is another 25% mark down. He buys the suit for $176.11(no tax).
1. What was the original price of the suit? If the store's cost to purchase the suit was 50% of the original asking price, did the store make or lase money on the final sale? How much?
2. Be sure to show all your work and give reason for the approach you took.