SOLUTION: A shopkeeper makes a profit of 12% if he sells an article for $84.
a) Find the cost of the article
b) if 5 percent discount is allowed for cash payment. find the cash price of
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: A shopkeeper makes a profit of 12% if he sells an article for $84.
a) Find the cost of the article
b) if 5 percent discount is allowed for cash payment. find the cash price of
Log On
Question 1091434: A shopkeeper makes a profit of 12% if he sells an article for $84.
a) Find the cost of the article
b) if 5 percent discount is allowed for cash payment. find the cash price of the article. Answer by josmiceli(19441) (Show Source):
You can put this solution on YOUR website! (a)
Let = the cost of the article
The cost is $75
-----------------
(b)
With 5% cash discount, the profit
is only of the cost
The cash price is $80.25
