SOLUTION: How much must a dealer mark his goods so that, after allowing a discount of 25% on the market price, he gain 20%, if the cost of the goods is rs15000❓
Algebra.Com
Question 1092276: How much must a dealer mark his goods so that, after allowing a discount of 25% on the market price, he gain 20%, if the cost of the goods is rs15000❓
Found 3 solutions by richwmiller, greenestamps, QueenJeyn:
Answer by richwmiller(17219) (Show Source): You can put this solution on YOUR website!
.75m=1.2c
c=15000
.75m=1.2*15000
.75m=18000
m=4/3*18000
m=rs 24000
check
give 25% discount on 24000=18000
.2*15000=3000
18000=15000+3000
ok
Answer by greenestamps(13200) (Show Source): You can put this solution on YOUR website!
The cost is 15000, and you want to sell with a profit of 20%. That is, you want the selling price to be 120% of your cost.
15000 * 1.20 = 18000
The selling price needs to be 18000.
If you want to mark the item with a 25% discount, then the selling price of 18000 must be 75% of the marked price.
.75x = 18000 --> (3/4)x = 18000 --> x = 18000(4/3) = 24000
You should mark the price as 24000.
Answer by QueenJeyn(1) (Show Source): You can put this solution on YOUR website!
A dealer must sell his goods for 24,000 each so if he ever gives a 20% discount, the net price will be 18,000.
Net price minus cost equals the profit worth 3,000.
3,000 is 20% of the cost as given in the problem.
RELATED QUESTIONS
What percent above cost price must a dealer mark his goods so that after allowing a... (answered by josgarithmetic,ikleyn)
A dealer allows a discount of 25% on the marked price. How much must he mark his goods... (answered by jorel555,MathTherapy)
A dealer allows a discount of 25% on the marked price. How much must he mark his goods (answered by jorel555)
what price should kiran mark on a sari which cost Rs 3000 so as to gain 20 per cent after (answered by Edwin McCravy)
A merchant buys goods at 25% off the list price. He desires to mark the goods so that he... (answered by rfer)
1. A merchant buys goods at 25% off the list price. He desires to mark the goods so that... (answered by Theo)
A dealer allows a discount of 20% on the marked price of the goods and still makes a... (answered by greenestamps)
A tradesman allows a discount of 15% on the written price. How much above the cost price (answered by MathTherapy)
Samay has some sugar worth Rs 3000. He sold one-third at a loss of 10%.By how much... (answered by Theo)