Question

A shopkeeper marsh is good at 40% above cost.(the price he pays for the goods) then offers a 20% discount. If a jacket cost the shopkeeper $200, at what price did it sell for?

Answer 1

C. $210

EXPLANATION :

The shopkeeper marks his goods at 40% above the cost.

If the jacket costs $200, he will mark it as :

`\$200+0.40(\$200)=\$280`

Then he offers a 25% discount.

That will be :

`\$280-0.25(\$280)=\$210`