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Thread: Financial Maths Question Help Please !!

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    Cadet
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    Exclamation Financial Maths Question Help Please !!

    Hi guys,

    I need help with the following q. please:

    A retailer offers a discount of 20% off the marked price of all TV sets. This means that his percentage profit (on the cost price) has been reduced to 10%. What was the original percentage profit?

    Thanks

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    Loquacious One
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    Re: Financial Maths Question Help Please !!

    Quote Originally Posted by flowerp View Post
    Hi guys,

    I need help with the following q. please:

    A retailer offers a discount of 20% off the marked price of all TV sets. This means that his percentage profit (on the cost price) has been reduced to 10%. What was the original percentage profit?

    Thanks
    Let cost price = C and original marked price = P

    .: discounted selling price = 0.8 P = 1.1 C

    .: P = 1.1/0.8 C = 1.375 C

    .: original percentage profit = 0.375 x 100% = 37.5%
    Last edited by Drongoski; 1 Oct 2018 at 4:13 PM.
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    Re: Financial Maths Question Help Please !!

    Quote Originally Posted by Drongoski View Post
    Let cost price = C and original marked price = P

    .: discounted selling price = 0.8 P = 1.1 C

    .: P = 1.1/0.8 C = 1.375 C

    .: original percentage profit = 0.375 x 100% = 37.5%
    Thank you soo much !!!
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