Question

Used car salesman paid 1500 for a car he plans to sell the car at 25% discount on Mars selling price but still wants to make a profit of 15% on his cost what should be the mark selling price of the car

Answer 1

Cost price =1500

Selling price =?

Percentage Profit =15%

Profit is

`\begin{gathered} (15)/(100)*1500 \\ =225 \\ \end{gathered}`

Selling price = Cost Price + Profit

Selling price = 1500+225

Selling price= 1725

Since he also wants to give a 25% discount,

The marked selling price can be gotten;

`\begin{gathered} (x-1725)/(x)*100=25 \\ 100x-172500=25x \\ \text{Collect the like terms} \\ 100x-25x=172500 \\ 75x=172500 \\ \text{Dividing both sides by 75} \\ (75x)/(75)=(172500)/(75) \\ x=2300 \end{gathered}`

The mark selling price of the car is 2300