1950 AHSME Problems/Problem 36

Revision as of 12:41, 18 January 2012 by Mrdavid445 (talk | contribs) (Created page with "==Problem== A merchant buys goods at <math> 25\%</math> of the list price. He desires to mark the goods so that he can give a discount of <math> 20\%</math> on the marked price ...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)

Problem

A merchant buys goods at $25\%$ of the list price. He desires to mark the goods so that he can give a discount of $20\%$ on the marked price and still clear a profit of $25\%$ on the selling price. What percent of the list price must he mark the goods?

$\textbf{(A)}\ 125\% \qquad \textbf{(B)}\ 100\% \qquad \textbf{(C)}\ 120\% \qquad \textbf{(D)}\ 80\% \qquad \textbf{(E)}\ 75\%$