a shopkeeper marks his goods at 40% above cost (the price he pays for the goods) and then offers a 25%…

a shopkeeper marks his goods at 40% above cost (the price he pays for the goods) and then offers a 25% discount. if a shopkeeper $200, at what price is it sold? a. $180 b. $200 c. $210 d. $230

a shopkeeper marks his goods at 40% above cost (the price he pays for the goods) and then offers a 25% discount. if a shopkeeper $200, at what price is it sold? a. $180 b. $200 c. $210 d. $230

Answer

Explanation:

Step1: Calculate the marked - up price

The cost price is $200. The marked - up price is 40% above the cost price. So the marked - up price $M$ is calculated as $M = 200\times(1 + 40%)=200\times1.4 = 280$.

Step2: Calculate the selling price after discount

The shopkeeper offers a 25% discount on the marked - up price. The selling price $S$ is calculated as $S = M\times(1 - 25%)=280\times0.75=210$.

Answer:

C. $210