SOLUTION: a shopkeeper sells his all item at 40% above costs. if he allows a special discount of 15% to hos friends on selling price. compute his profit as a percentage of cost
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Question 439735: a shopkeeper sells his all item at 40% above costs. if he allows a special discount of 15% to hos friends on selling price. compute his profit as a percentage of cost
Answer by edjones(8007) (Show Source): You can put this solution on YOUR website!
Let c=cost
c+.4c=1.4c price of items
1.4c*.85=1.19c price of items to friends
119% profit as a percent of cost.
.
Ed
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