SOLUTION: A trader gives a discount of 12% on the market price of an article. If a customer pays $1760 for the article. what is the market price of the article
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Question 1124633: A trader gives a discount of 12% on the market price of an article. If a customer pays $1760 for the article. what is the market price of the article Answer by rothauserc(4718) (Show Source):
You can put this solution on YOUR website! let x be the market price
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1 - 0.12 = 0.88
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Note the customer paid 88% of the market price
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0.88 * x = 1760
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x = 1760/0.88 = 2000
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market price of the article is $2000
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