Get premium membership
and access revision papers with marking schemes, video lessons and live classes.
A trader sold an article at sh 3 600 after allowing his customer a 10% discount on the marked price of the article. In so doing he made a profit of 50%.
i. the marked price of the article.
ii. the price at which the trader had bought the article.
b) If the trader had sold the same article without giving a discount, calculate the percentage profit he would have made.
c) To clear his stock the trader decided to sell the remaining articles at a loss of 15%. Calculate the price at which he sold each article.