A shopkeeper gives a discount at 10% for cash payments. At what price is an article marked if its cash price is 13.50
Answers
Answer:130
Step-by-step explanation:30%
Here’s how…
Cost Price = 100
Profit intended = 17%
So, Selling Price = 117
But this 117 is after 10% discount on marked price.
So, Marked Price * 0.9 = 117
i.e Marked Price = 117/0.9 which is equal to 130.
Answer:
15
Step-by-step explanation:
First you have to know the meaning of the word discount which is simply subtract .
So the first statement is just trying to say for cash payments only subtract 10% of the total amount.
Therefore the second statement then says "at what price was the article marked'' meaning to say they have already subtracted the 10% from the actual amount and what remains is 90% if 10% is removed.
So the question is saying find the deducted amount and add it to the cash price given which is 13.50 to make a total of 100% after adding.
We can use simple proportionality to solve the question ie
if 90% = 13.50 what about 100% ?
"100% will have a greater amount "
.'. ( 100 ÷ 90 ) × 13.50 = 15.00