SOLUTION: A dealer allows a discount of 25% on the marked price. How much must he mark his goods above the cost price to make a profit of 20% ?
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Question 1053400: A dealer allows a discount of 25% on the marked price. How much must he mark his goods above the cost price to make a profit of 20% ?
Found 2 solutions by jorel555, MathTherapy:
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
Let c be the cost of the dealer's goods. To make a profit of 20%, he must mark up his price by 1+20%, or 1.2 times the cost. To give the customer a 25% discount, we use:
(1-.25)n=1.2
.75n=1.2
n=1.6
Thus, the dealer has to price his goods at 60% over cost, in order to realize a 20% profit, while offering a 25% discount on the marked price. ☺☺☺☺
Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!
A dealer allows a discount of 25% on the marked price. How much must he mark his goods above the cost price to make a profit of 20% ?
Markup should be:
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