Question

Paul bought and sold computers. He wrote his buisness activity as follows Cost of computer=$1,064
Marked price of computer=$1399 Discount on marked price(if paid in cash)=5% Calculate the selling price if paid in cash abd the profit are loss as a percentage of the cost price

Answer 1

Answer:

Hello there!

If needed more explanation feel free to ask.

Step-by-step explanation:

Since the transaction is in cash, 5% discount will be availed.

so, SP = MP * (100% - Discount%)  ,since 5% is given => 95 % left

      SP= 1399 *(0.95) = 1329.05

Now, we are able to deduce that the SP > CP, So profit will be the case.

P% = (1329.05-1064)/ 1064 * 100

     = 24.9%

Hope it helped!