A Dealer Allows A Discount Of 20% And Still Gains 20% . Find Marked Price If The Cost Is 1650?

1,650 x 1.20 = $1,980 final selling price
The final selling price was discounted down 20% from the marked price.
x – 0.20x = 1,980
x = $2,475 marked price

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One Response to “A Dealer Allows A Discount Of 20% And Still Gains 20% . Find Marked Price If The Cost Is 1650?”

  1. JKRB says:

    But if the dealer gains 20% of the net selling price (rather than 20% of its cost), then cost must be 80%, or 1,650 = 80% of Net Sell Price. Net Sell Price = 1,650 / .80, or 2,062.50. If Net Sell Price is list less 20%, then list, or marked price, must be 2,062.50 / .80, or marked price = 2,578.13
    Recap:
    Marked Price 2,578.13 less 20% discount = 2,062.50 . Dealer gains 20%, or 412.50.
    Net Sales 2,062.50 less Cost 1,650. = Gross Profit of 412.50, 20% of Sales

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