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 Form 4 Mathematics Paper 1 Exam Revision Questions With Answers Set 2

An artisan made some articles and sold them to a wholesaler at 20% profit. The wholesaler sold the articles to a hawker at a profit at 25%. The hawker finally sold the articles to his customers at a profit of 50%.
a) A hawker paid sh 600 for an article. Calculate how much
i. it had cost the artisan to make the article.
ii. the customer paid for the article.
b) To clear old stock the hawker decided to reduce his prices by 15%. Find the percentage profit he made on an article which had cost the artisan sh 720 to make.

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