Answer: $160
Step-by-step explanation:
You'll need to find the mark-up price first: $2400+1/3
1/3= $800
$2400+$800= $3200
$3200 is the mark-up price
Then you have to find the discount:
1/5 of $3200
$3200/5= $640
$3200-$640= $2560
Lastly, you have to find the profit:
$2560-$2400= 160
