Question

The marked price of an

Answer 1

Answer:

The cost price of the item is $ 3,200, and the marked price of the item is $ 4,000.

Step-by-step explanation:

Since the marked price of an article is 25% above it's cost price, and when it is sold at a discount of 15% there is a gain of $ 200, to find the cost price of the article and the marked price of the article the following calculation must be performed:

X x 1.25 x 0.85 = X + 200

1.0625X = X + 200

6.25 = 200

100 = X

100 x 200 / 6.25 = X

20,000 / 6.25 = X

3,200 = X

3,200 x 1.25 = 4,000

Therefore, the cost price of the item is $ 3,200, and the marked price of the item is $ 4,000.

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