SOLUTION: A trader sold an article at a discount of 8% for GH¢828.If the article was initially marked to gain 25%. Find the (i) cost price of the article (ii) discount allowed

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Question 1120818: A trader sold an article at a discount of 8% for GH¢828.If the article was initially marked to gain 25%. Find the
(i) cost price of the article
(ii) discount allowed

Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677)   (Show Source): You can put this solution on YOUR website!
828/0.92 = 900
900*0.75 = 675 is the cost of the article
You can easily calculate the discount allowed

Answer by MathTherapy(10552)   (Show Source): You can put this solution on YOUR website!

A trader sold an article at a discount of 8% for GH¢828.If the article was initially marked to gain 25%. Find the
(i) cost price of the article
(ii) discount allowed
Sold at a discount of 8% results in: , with P being the price before discount.
You should get: P = 900
With the MARKED price being 900, and with the marked price set to gain 25%, we get: , with C being the cost price
Solving for C, you should get a
You have the MARKED price and the sale price, so you should be able to calculate the discount.
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