Question

3. a trader sold an article at a discount of

18% for GHC828.00. If the article
was initially marked to gain 25%
profit, find the:
a) cost price of the article
b) discount allowed.​

Answer 1

GHC757.317

GHC181.756

Explanation:

Given that :

Discount on sale = 18%

Sale price at 18% discount = 828

828 = 100% - 18%

828 = 82%

The cost at 100% can be represented as :

828 = 0.82

x = 1

Cross multiply :

828 = 0.82x

x = 828 / 0.82

x = 1009.7560

The price 1009.7560 includes a marked gain of 25% ; Hence, cost price of the article is :

(100 - 25)% * 1009.7560

0.75 * 1009.7560

= GHC757.317

Discount allowed :

1009.7560 - 828

= GHC181.756