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A trader sold an item at sh7500 after allowing his customer 15% discount on the marked price of the item.

A trader sold an item at sh7500 after allowing his customer 15% discount on the marked price of the item. In so doing he made a profit of 35%.
a) Calculate
i) The marked price of the item
ii) The price at which the trader had bought the item.

b) If the trader had sold the item without giving a discount, calculate the percentage profit he would have made.

c) To clear his stock the trader decided to sell the remaining items at a loss of 10%. Calculate the price at which he sold each item.

Answers

Wilfykil answered the question on August 28, 2019 at 07:08

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