Question

A shopkeeper marks his goods at 40% above cost (the price he pays for the goods) and then offers a 25% discount. If a jacket costs the shopkeeper $200, at what price is it sold?

A-$180
B-$200
C- $210
D- $230

Answer 1

C. $210
The original cost of $200 plus the 40% markup equals $280.
Then the $280 with the 25% discount is $210.

Answer 2

The shopkeeper sold the jacket at $210.

Explanation:

A shopkeeper marks his goods at 40% above cost (the price he pays for the goods) and then offers a 25% discount.

So, when a jacket costs the shopkeeper $200, so first we will add 40% to it and then give a discount of 25%.

40% of 200 =
`0.40*200=80`

Price will become =
`200+80=280` dollars

Now he will give 25% discount on it;

Final price will become:
`280-(0.25*280)`

= $210

Hence, The shopkeeper sold the jacket at $210.