document.write( "Question 1203463: a trader sold an article at a discount of 6% for 846. if the article was initially marked to gain 20%. find the market price, cost price of the seller and discount price allowed. \n" ); document.write( "
Algebra.Com's Answer #839110 by MathTherapy(10552)\"\" \"About 
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document.write( "a trader sold an article at a discount of 6% for 846. if the article was initially \r\n" );
document.write( "marked to gain 20%. find the market price, cost price of the seller and discount price allowed.\r\n" );
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document.write( "As a 6% discount was allowed, SELLING price = 1 - .06 = .94, or 94%\r\n" );
document.write( "With marked price being M, we get the following PROPORTION: \"matrix%281%2C3%2C+.94%2F1%2C+%22=%22%2C+846%2FM%29\"\r\n" );
document.write( "                                                            .94M = 846 ----- Cross-multiplying\r\n" );
document.write( "                                      Marked price, or \r\n" );
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document.write( "                                                       Marked price: $900\r\n" );
document.write( "                                                   Discounted price: $846\r\n" );
document.write( "                                                         Discount: $900 - $846 = $54\r\n" );
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document.write( "The marked price ($900) included a 20% gain, so marked price = 1 + .2 = 1.2 \r\n" );
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document.write( "Let cost price be C\r\n" );
document.write( "With marked price ($900), being 1.2, we get the following PROPORTION: \"matrix%281%2C3%2C+1.2%2F1%2C+%22=%22%2C+900%2FC%29\"\r\n" );
document.write( "                                                                      1.2C = 900 ----- Cross-multiplying\r\n" );
document.write( "                                                         Cost price, or
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