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the tradesman marks his goods at such a price that he can deduct 4 % for cash and yet makes 20 % profit . what is the mp of an article which costs rs 1400

Respuesta :

zuli2004kim

Answer:

1750

Step-by-step explanation:

So it costs 1400 to make.  20% profit means he makes 1400*1.2 = 1680.

It also tells us he can deduct 4% of what it is actually marked to get to 1680.  So we want something that fits the equation x - x * .04 = 1680.  So let's solve for x.

x - .04x = 1680 Start by combining like terms

.96x = 1680 Then divide both sides by .96

x = 1750

Double check.  subtracting 4% from 1750 is 1750*.96 = 1680

Then we already showed that a 20% profit from 1400 is also 1680

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