SOLUTION: A trader sold an article at a discount of 8% for GH¢828.If the article was initially marked to gain 25%. Find the
(i) cost price of the article
(ii) discount allowed
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(i) cost price of the article
(ii) discount allowed
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Question 1120820: A trader sold an article at a discount of 8% for GH¢828.If the article was initially marked to gain 25%. Find the
(i) cost price of the article
(ii) discount allowed Answer by addingup(3677) (Show Source):
You can put this solution on YOUR website! So if the discount was 8%:
GH¢828 = 92%
100% = 828/.92 = 900
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Now we have that the full price of the item is 900. And this includes a gain (profit) of 25%. Thus the cost of the article was 900*0.75 = 675
