1950 AHSME Problems/Problem 36
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Problem
A merchant buys goods at off the list price. He desires to mark the goods so that he can give a discount of on the marked price and still clear a profit of on the selling price. What percent of the list price must he mark the goods?
Solution
Without loss of generality, we can set the list price equal to . The merchant buys the goods for . Let be the marked price. We then use the equation to solve for and get a marked price of .
See Also
1950 AHSC (Problems • Answer Key • Resources) | ||
Preceded by Problem 35 |
Followed by Problem 37 | |
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