Question

a retailer allows a 20% discount for a good a further 5% cash discount.if the customer paid 5500000FCFA frs for the good,determine the price the good was quoted
b.)the ratio of the trade to the cash discount

Answer 1

Answer:

Step-by-step explanation:

let the initial price be x

so after discounts of 20 and 5 % it becomes 5500000, so

x* 80/100*95/100= 5500000  

x= 5500000*100*100/85*95

x=6811145.51

now total discount=6811145.51-5500000=1311145.51

so ratio = 5500000/1311145.51