Answer:
The clothing store paid $73.60 for this coat.
Step-by-step explanation:
Let us assume that, the clothing store paid x for this coat. i.e the cost price of the coat is x.
The percent of markup for this clothing store is always 125%. Hence the marked price of the coat will be,
[tex]=x\times \dfrac{125}{100}[/tex]
But the marked price of the coat is given as $92.
So,
[tex]\Rightarrow x\times \dfrac{125}{100}=92[/tex]
[tex]\Rightarrow x=92\times \dfrac{100}{125}[/tex]
[tex]\Rightarrow x=\$73.60[/tex]
Therefore, the clothing store paid $73.60 for this coat.
