# Profit & Loss

• Mar 26th 2009, 07:15 AM
777
Profit & Loss
Hi Guys
Can anyone solve these 2 questions ?

1) A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash payment, what profit percent does he make ?

2) A shopkeeper marks his goods at 20% above his cost price. He sells three-fourths of his goods at the marked price. He sells the remaining good s at 50% of marked price. Determine his profit percent on the whole transaction.

Also, please tell me the difference between Cost Price, Selling Price and most importantly "Marked Price"
• Mar 27th 2009, 02:44 AM
differentiate
Quote:

Originally Posted by 777
Hi Guys
Can anyone solve these 2 questions ?

1) A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash payment, what profit percent does he make ?

2) A shopkeeper marks his goods at 20% above his cost price. He sells three-fourths of his goods at the marked price. He sells the remaining good s at 50% of marked price. Determine his profit percent on the whole transaction.

Also, please tell me the difference between Cost Price, Selling Price and most importantly "Marked Price"

Selling price: the price you sell your goods for
• Mar 27th 2009, 02:55 AM
mr fantastic
Quote:

Originally Posted by 777
Hi Guys
Can anyone solve these 2 questions ?

1) A trader marks his goods at 20% above the cost price. If he allows a discount of 5% for cash payment, what profit percent does he make ?

[snip]

$\displaystyle x \longrightarrow x + (20 \%) x = x + \frac{1}{5} x = \frac{6}{5} x \longrightarrow \frac{6}{5} x - (5 \%) \frac{6}{5} x = \frac{6}{5} x - \left(\frac{1}{20}\right) \frac{6}{5} x = \frac{57}{50} x = x + \frac{7}{50} x$.

Therefore the trader makes a 14% profit when cash is paid.

Quote:

Originally Posted by 777
[snip]
2) A shopkeeper marks his goods at 20% above his cost price. He sells three-fourths of his goods at the marked price. He sells the remaining good s at 50% of marked price. Determine his profit percent on the whole transaction.
[snip]

Won't it just be $\displaystyle \left(\frac{3}{4}\right) (20\%) + \left( \frac{1}{4} \right) (\%50) = \, .... \%$