Question

A shopkeeper buys a television from a manufacturer. The shopkeeper sells the television for $2700 at a profit of 20% A)how much money did the shopkeeper pay the manufacturer for the television B) if the shopkeeper gives 10% discount for cash. How much money does a customer pay for the television

Answer 1

$2250

$2430

Explanation:

If the seller made a profit of 20%, it means he sold the television at a price that is 20% higher than the cost price. That means that the sales price is 1.2 times higher than the cost price

let t = cost price of the television

the following equation can be derived

1.2 x t = $2700

divide both sides by 1.2

t = $2250

If there is a 10% discount, the television is (100 - 10%) 90% cheaper

0.9 x 2700 = $2430