The cost price of a table is \ 6,400 . A merchant wants to make 25\% profit by selling it. At the time of the

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The cost price of a table is \ 6,400 . A merchant wants to make 25\% profit by selling it. At the time of the sale, he declares a discount of 20\%$ on the marked price. Then what is the marked price?

Accepted Answer

Given: * Cost Price ( CP ) = \ 6,400 * Desired Profit = 25\% * Discount = 20\% First, find the required Selling Price ( 	ext{SP} ) to earn a 25\% profit: SP = CP × ≤ft(1 + Profit \%/100) $ SP = 6400 × 1.25 = \$8,000 The merchant gives a 20\% discount on the Marked Price ( MP ) to achieve this selling price: SP = MP × ≤ft(1 - Discount \%/100) 8000 = MP × (1 - 0.20) 8000 = MP × 0.8 MP = 8000/0.8 = \$10,000 Therefore, the marked price is \ 10,000$.

The cost price of a table is $\$ 6,400 $. A m erc han tw an t s t o mak e$ 25\% $p ro f i t b yse ll in g i t . A tt h e t im eo f t h es a l e, h e d ec l a res a d i sco u n t o f$ 20\%$ on the marked price. Then what is the marked price?

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The cost price of a table is \ 6,400.Amerchantwantstomake 25\%profitbysellingit.Atthetimeofthesale,hedeclaresadiscountof 20\%$ on the marked price. Then what is the marked price?