A tradesman gives a discount on the marked price and gives an article free for buying every articles and thus gains . Find out by what percentage the marked price is above the cost price.
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Solution & Step-by-step Explanation
Let the cost price () of one article be .
The shopkeeper gives article free with articles, meaning he sells a total of articles.
He gains on his total investment:
This total is obtained from the customer paying for articles after a discount on the marked price () of each article.
Let the of one article be .
The discounted price of one article .
The customer pays for articles:
Equating the two expressions for Total :
So, the of one article is , while its is .
The shopkeeper gives article free with articles, meaning he sells a total of articles.
He gains on his total investment:
This total is obtained from the customer paying for articles after a discount on the marked price () of each article.
Let the of one article be .
The discounted price of one article .
The customer pays for articles:
Equating the two expressions for Total :
So, the of one article is , while its is .