Question 1092276: How much must a dealer mark his goods so that, after allowing a discount of 25% on the market price, he gain 20%, if the cost of the goods is rs15000❓
Found 3 solutions by richwmiller, greenestamps, QueenJeyn:
Answer by richwmiller(17219)   (Show Source):
You can put this solution on YOUR website! .75m=1.2c
c=15000
.75m=1.2*15000
.75m=18000
m=4/3*18000
m=rs 24000
check
give 25% discount on 24000=18000
.2*15000=3000
18000=15000+3000
ok
Answer by greenestamps(13209)  (Show Source):
You can put this solution on YOUR website!
The cost is 15000, and you want to sell with a profit of 20%. That is, you want the selling price to be 120% of your cost.
15000 * 1.20 = 18000
The selling price needs to be 18000.
If you want to mark the item with a 25% discount, then the selling price of 18000 must be 75% of the marked price.
.75x = 18000 --> (3/4)x = 18000 --> x = 18000(4/3) = 24000
You should mark the price as 24000.
Answer by QueenJeyn(1)  (Show Source):
You can put this solution on YOUR website! A dealer must sell his goods for 24,000 each so if he ever gives a 20% discount, the net price will be 18,000.
Net price minus cost equals the profit worth 3,000.
3,000 is 20% of the cost as given in the problem.
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