SOLUTION: A shopkeeper makes a profit of 12% if he sells an article for $84.
a) Find the cost of the article
b) if 5 percent discount is allowed for cash payment. find the cash price of
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Question 1091434: A shopkeeper makes a profit of 12% if he sells an article for $84.
a) Find the cost of the article
b) if 5 percent discount is allowed for cash payment. find the cash price of the article.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
(a)
Let = the cost of the article
The cost is $75
-----------------
(b)
With 5% cash discount, the profit
is only of the cost
The cash price is $80.25
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