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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 00:39
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45% (medium)

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70% (01:57) correct 30% (01:53) wrong based on 206 sessions

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A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
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B
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 01:05
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
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Discount = 20%

Profit Margin = 30%

Cost price = 50.

Selling Price = 50 * 130% = 50 * 130/100 = 65.

65 is basically selling price after charging the discount . It means 65 is 80% of asking price.

Asking Price = 65/80 * 100 = 81.25.

B is the correct answer.
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 01:53
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KSBGC
Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78


Discount = 20%

Profit Margin = 30%

Cost price = 50.

Selling Price = 50 * 130% = 50 * 130/100 = 65.

65 is basically selling price after charging the discount . It means 65 is 80% of asking price.

Asking Price = 65/80 * 100 = 81.25.

B is the correct answer.
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I believe the question is just asking for Selling Price. I mean a price which would result in both the discount and profit at the same time. Please correct me if I am wrong. Thank you.
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 02:30
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
Show more

Cost =50$ so for 30% profit he must sell it at 50*1.3=65$

If 65% is after 20% discount then price before discount is 65/80%=81.25 IMO B
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 02:32
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Jansaida
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78


Discount = 20%

Profit Margin = 30%

Cost price = 50.

Selling Price = 50 * 130% = 50 * 130/100 = 65.

65 is basically selling price after charging the discount . It means 65 is 80% of asking price.

Asking Price = 65/80 * 100 = 81.25.

B is the correct answer.


I believe the question is just asking for Selling Price. I mean a price which would result in both the discount and profit at the same time. Please correct me if I am wrong. Thank you.
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Jansaida from Stem"while selling an item, was asking for such a price" so requirement is before discount
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 10:29
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
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simply do reverse calculation as to what could have got the trader to sell at 50$
50*1.3=65$
65/0.8 = 81.25 $
IMO B
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 10:34
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Minor typo: "him to of, a 20% discount"

First step:

We have to identify the profit: C (50) * 1.3 (30% Profit) = 65

Then we identify the discount: 65 (Selling price after discount) : 0.8 (20% discount offered on initial price) = 81.25

AC B!
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A trader, While selling an item, was asking for such a price that woul 18 Jun 2019, 12:52
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
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CP + P = SP = MP - D

Or, \(50 + 30\)% of \(50\) = SP = \(\frac{100 - 20}{100}*MP\)

Or, 65 = SP = \(\frac{80}{100}*MP\)

Or, 65 = \(\frac{80}{100}*MP\)

Or, MP = 81.25 , Answer must be (B)
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A trader, While selling an item, was asking for such a price that woul 21 Jun 2019, 11:38
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
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We can create the equation:

P = 0.3C

0.8R - C = 0.3C

0.8R = 1.3C

8R = 13(50)

8R = 650

R = 81.25

Answer: B
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A trader, While selling an item, was asking for such a price that woul 16 May 2021, 07:52
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Bunuel
A trader, while selling an item, was asking for such a price that would enable him to of, a 20% discount and still make a profit of 30% on cost. If the cost of the item was $50 what was his asking price?

A. 65
B. 81.25
C. 85
D. 90
E. 78
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Suppose, he was asking 100x tk.
After 20% discount it is 80x.
So, 80x = 130% of C (Cost is given 50)
=> 80x=65
\(=>100x=\frac{65×100x}{80x}\)=\(\frac{325}{4}=81.25\)


Answer is B

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A trader, While selling an item, was asking for such a price that woul 28 Aug 2023, 16:24
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Here is my solution:

Assume the asking price is X

(0.8X - 50)/50 = 0.3

solving function, gives X = 81.25
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A trader, While selling an item, was asking for such a price that woul 02 Apr 2025, 23:09
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