Question 1195046
A trader brought a television set for $47500.00. He allowed a customer a discount of 5% off marked price. If the trader still made a profit of 25%, calculate.
(a) the traders selling price to the customer
(b) the marked price
<pre>Cost: $47,500
Let marked price be M
Then selling price = .95M, since itw's sold at 5% off marked price
As discounted/selling price resulted in a 25% profit we then have: .95M = 1.25(47,500)

                                             <font color = red><font size = 5><b>Marked price</font></font></b>, or {{{highlight_green(matrix(1,5, M, "=", 1.25("47,500")/.95, "=", highlight("$62,500")))}}}

                                             <font color = red><font size = 5><b>Selling price: .95($62,500) = $59,375</font></font></b></pre>