Question

the tradesman marks his goods at such a price that he can deduct 4 % for cash and yet makes 20 % profit . what is the mp of an article which costs rs 1400

Answer 1

1750

Explanation:

So it costs 1400 to make. 20% profit means he makes 1400*1.2 = 1680.

It also tells us he can deduct 4% of what it is actually marked to get to 1680. So we want something that fits the equation x - x * .04 = 1680. So let's solve for x.

x - .04x = 1680 Start by combining like terms

.96x = 1680 Then divide both sides by .96

x = 1750

Double check. subtracting 4% from 1750 is 1750*.96 = 1680

Then we already showed that a 20% profit from 1400 is also 1680