Question

The marked price of a coffee table is $300. When it is sold at a discount of 35%, there is a loss of 2.5% on the cost price. Find a. the selling price of the table b. the cost price of the table​

Answer 1

• a) $195; b) $200

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The selling price is 35% less than the marked price, hence it is:

• 300 - 35% =
• 300(1 - 0.35) =
• 300*(0.65) =
• 195

$195 is 2.5% less than the cost, hence the cost is:

• cost - 2.5% = 195
• cost *(1 - 0.025) = 195
• cost * 0.975 = 195
• cost = 195/0.975
• cost = 200