Get the most out of your questions with IDNLearn.com's extensive resources. Our experts are available to provide accurate, comprehensive answers to help you make informed decisions about any topic or issue you encounter.
Sagot :
To determine how much above the cost price a shopkeeper should mark his goods to achieve a 20% gain after allowing a 25% discount on the marked price, we need to follow these steps:
1. Define the variables:
- Let [tex]\( \text{Cost Price} = CP \)[/tex].
- Let [tex]\( \text{Marked Price} = MP \)[/tex].
- Let [tex]\( \text{Selling Price} = SP \)[/tex].
2. Understand the relationships:
- The selling price [tex]\( SP \)[/tex] is obtained by giving a 25% discount on the marked price [tex]\( MP \)[/tex].
[tex]\[ SP = MP \times (1 - 0.25) = MP \times 0.75 \][/tex]
- A 20% gain on the cost price means the selling price is 120% of the cost price, or:
[tex]\[ SP = CP \times (1 + 0.20) = CP \times 1.20 \][/tex]
3. Equate the selling prices:
[tex]\[ MP \times 0.75 = CP \times 1.20 \][/tex]
4. Solve for the Marked Price ([tex]\( MP \)[/tex]):
[tex]\[ MP = \frac{CP \times 1.20}{0.75} \][/tex]
5. Simplify the expression:
[tex]\[ MP = \frac{1.20}{0.75} \times CP = 1.60 \times CP \][/tex]
6. Calculate the percentage above the cost price:
The marked price [tex]\( MP \)[/tex] is 1.60 times the cost price [tex]\( CP \)[/tex], which means it is 60% higher than the cost price.
[tex]\[ \text{Percentage above the cost price} = (1.60 - 1) \times 100\% = 0.60 \times 100\% = 60\% \][/tex]
Therefore, the shopkeeper should mark his goods 60% above the cost price to achieve a 20% gain after allowing a 25% discount on the marked price.
1. Define the variables:
- Let [tex]\( \text{Cost Price} = CP \)[/tex].
- Let [tex]\( \text{Marked Price} = MP \)[/tex].
- Let [tex]\( \text{Selling Price} = SP \)[/tex].
2. Understand the relationships:
- The selling price [tex]\( SP \)[/tex] is obtained by giving a 25% discount on the marked price [tex]\( MP \)[/tex].
[tex]\[ SP = MP \times (1 - 0.25) = MP \times 0.75 \][/tex]
- A 20% gain on the cost price means the selling price is 120% of the cost price, or:
[tex]\[ SP = CP \times (1 + 0.20) = CP \times 1.20 \][/tex]
3. Equate the selling prices:
[tex]\[ MP \times 0.75 = CP \times 1.20 \][/tex]
4. Solve for the Marked Price ([tex]\( MP \)[/tex]):
[tex]\[ MP = \frac{CP \times 1.20}{0.75} \][/tex]
5. Simplify the expression:
[tex]\[ MP = \frac{1.20}{0.75} \times CP = 1.60 \times CP \][/tex]
6. Calculate the percentage above the cost price:
The marked price [tex]\( MP \)[/tex] is 1.60 times the cost price [tex]\( CP \)[/tex], which means it is 60% higher than the cost price.
[tex]\[ \text{Percentage above the cost price} = (1.60 - 1) \times 100\% = 0.60 \times 100\% = 60\% \][/tex]
Therefore, the shopkeeper should mark his goods 60% above the cost price to achieve a 20% gain after allowing a 25% discount on the marked price.
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. Your search for answers ends at IDNLearn.com. Thanks for visiting, and we look forward to helping you again soon.