The sale price of the coats is 160% of the purchase price of the coats.
Step-by-step explanation:
The owner buys the coats at a purchase price= $60
He sells the coats for a selling price= $96
Now, the question is:
The selling price $96 is what percentage of the purchase price $60
step 1: 96= x% of 60
step 2: 96= (x/100)*60
step 3: 96= 6x/10
step 4: 960/6 = x
step 5: x = 160%
