Question 1120818

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
<pre>Sold at a discount of 8% results in: {{{matrix(1,3, .92/1, "=", 828/P)}}}, with P being the price before discount.
You should get: P = 900
With the MARKED price being 900, and with the marked price set to gain 25%, we get: {{{matrix(1,3, 1.25/1, "=", 900/C)}}}, with C being the cost price
Solving for C, you should get a {{{highlight_green(matrix(1,4, cost, of, 720, "(i)"))}}}
You have the MARKED price and the sale price, so you should be able to calculate the discount.