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12 May 2017, 12:29
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E
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94% (01:08) correct
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A merchant prices a television at 60 percent above wholesale. For a Presidents’ Day sale, the merchant marks the television down by 25 percent. If he sells the television during the Presidents’ Day sale, what percentage over the wholesale price will he have earned?
A. 75
B. 50
C. 35
D. 25
E. 20
A. 75
B. 50
C. 35
D. 25
E. 20
12 May 2017, 12:54
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Lets assume a value for the wholesale value for the TV : 200
If the merchant prices the TV at 60% above the wholesale price : 1.6*200 or 320
On Presidents' day sale, he get 25% discount : 0.75*320 or 240
240 is 40 more than 200(Profit= SP-CP)
Hence he earns a profit percentage of \(\frac{40}{200}*100\) or 20(Option E)
If the merchant prices the TV at 60% above the wholesale price : 1.6*200 or 320
On Presidents' day sale, he get 25% discount : 0.75*320 or 240
240 is 40 more than 200(Profit= SP-CP)
Hence he earns a profit percentage of \(\frac{40}{200}*100\) or 20(Option E)
13 May 2017, 02:27
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If value of a product is first increased a% then b%, the resultant increase is given as
\(a + b +\frac{ab}{100}\)
here a = 60 b = -25
\(60 - 25 - \frac{1500}{100} = 20%\)
\(a + b +\frac{ab}{100}\)
here a = 60 b = -25
\(60 - 25 - \frac{1500}{100} = 20%\)
