A trader sold his article at shillings 4800 after allowing his customers a percentage discount of 20 on the marked price of the article .In doing so,he made a percentage profit of 25.
calculate;
a)The marked price of the article.
b)The price at which the trader bought the article.
c)The percentage profit if he sold the article without allowing a discount.
Answers
Answer:
Step-by-step explanation:
Let the marked price be Rs. 100.
The trader buys at discount of 20%.
Hence, his cost price =100−20% of 100 = Rs. 80.
He wants to make profit 25%, hence his selling price is =80+25% of 80 = Rs. 100.
However, he wants to get this Rs. 100 after allowing a discount of 20%, i.e. he will sell at 80% of his marked price.
Hence, his marked price =
0.8
100
= Rs. 125 which is 25% more than the original marked price.
Step-by-step explanation:
Let the marked price be Rs. 100.
The trader buys at discount of 20%.
Hence, his cost price =100-20% of 100 = Rs. 80.
He wants to make profit 25%, hence his selling price is =80+25% of 80 = Rs. 100.
However, he wants to get this Rs. 100 after allowing a discount of 20%, i.e. he will sell at 80% of his marked price.
Hence, his marked price =
0.8
100
= Rs. 125 which is 25% more than the original marked price.