Question 6

If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?

Name: If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
Uploaded: July 3, 2020, 10:17 a.m.
Duration: 1 min 47 s
Description: If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?

Solution

Let the retail price be M and cost price be C.

Given,

0.85 M = 1.02 C

M = 1.2 C

If he wants 20% profit he has to sell at 1.2C, which is nothing but the retail price.

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If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?

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