Question

A salesman buys a stove from manufacturer. The salesman sells the stove for $1825.00, thereby making a profit of 25%.
a) What amount did the salesman pay the manufacturer for the stove?
b) If the salesman gives 5% discount for cash, what amount does a customer pay for the stove?

Answer 1

Step-by-step explanation:

Rate at which sold: $1825

Profit made= 25%

Part A

Rate at which sales bought the stove from manufacturer : (125/100)x(assuming x the value for the answer)= 1825

(5/4)x = 1825

(1825*4/5)=x

1460=x

Therefore Rate at which sales bought the stove from manufacturer was 1460

Part B

The rate at which the salesman was selling=1825

Discount of 5% will be

1825*(95/100)

(73*95)/4= 1733.75

The sales man would take 1733.75 in cash by the customer