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MrMuchimi
3 years ago
8

A tradesman gives 4% discount on the marked price and gives 1 article free for buying every 15 articles and thus gains 35%. By h

ow much % more is the marked price above the cost price? ​
Give full explanation
Mathematics
1 answer:
Mariana [72]3 years ago
4 0

Answer:

Let the MP of 1 article = Rs 1

MP of 15 article = Rs 15

SP of (15+1) articles = 15 x 96/100

= Rs 14.40

CP of 16 article = 14.40/135 x 100

= Rs 32/3

CP of 1 article = 32/3x16

= Rs 2/3

Required % = 1/3 x 3/2 x 100

= 50

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\bf ~~~~~~ \textit{Compound Interest Earned Amount \underline{for the first 3 years}} \\\\ A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$20000\\ r=rate\to 6\%\to \frac{6}{100}\dotfill &0.06\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{per annum, thus once} \end{array}\dotfill &1\\ t=years\dotfill &3 \end{cases}

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\bf A=P\left(1+\frac{r}{n}\right)^{nt} \quad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\dotfill &\$2382.032\\ r=rate\to 8\%\to \frac{8}{100}\dotfill &0.08\\ n= \begin{array}{llll} \textit{times it compounds per year}\\ \textit{per annum, thus once} \end{array}\dotfill &1\\ t=years\dotfill &4 \end{cases}

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