document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1133396>Question 1133396</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A dealer marks his goods 20% above cost,but allows 5% discount to the customer. If he sells an article for ₹228, what does he gain on it? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #750590 by </B><A HREF=/tutors/aboutme.mpl?userid=Theo><B>Theo(13342)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Theo><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Theo><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=750590\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> profit equals the price you sell something at minus the cost of making and selling it.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "if your cost for something was 50 dollars and you sold it for 75 dollars, than your profit is equal to 75 - 50 = 25.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "your profit margin would be your profit divided by your cost = 25 / 50 = 50%.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "in this problem, the dealer marks his goods 20% over cost, but allows 5% discount to the customer.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "if he sells the product for 228, what does he gain on it.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the selling price is 228.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "that selling price is 5% below the list price.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "if x is the list price, then the equation to find x would be x - .05 * x = 228.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "simplify that to get .95 * x = 228.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "solve for x to get x = 228 / .95 = 240.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "that's the list price.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the list price is 20% above the cost.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "if x is the cost, then the equation for that would be 240 = c + .20 * x.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "simplify that to get 240 = 1.20 * c\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "solve for c to get c = 240 / 1.2 = 200.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the cost was 200.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the markup was 20% above that to get a list price of 240.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the discount was 5% to get a discounted selling price of 228.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the vendor made a profit of 228 minus 200 = 28.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "that's the gain.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "the profit margin, or percent gain would be 28 / 200 = .14 * 100 = 14%.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( "that would be the selling price minus the cost * 100.\r<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "<BR>\n" );
document.write( "\n" );
document.write( " </SPAN>\n" );
document.write( "</TD></TR></TABLE>\n" );