
Elementary Math Fractions, Percentages, Word Problems, Equations, Inequations, Factorization, Expansion 
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September 12th, 2019, 10:28 PM  #1 
Senior Member Joined: Aug 2014 From: India Posts: 477 Thanks: 1  How to solve this Marked up price problem?
A man marks up his goods by 15%. If he still incurs a loss of 5%, what percentage discount has he given to his customers? Mark up 15%; MP/CP = 115/100 Loss 5%; SP/CP = 95/100 MP/CP * Discount% = SP/CP 115/100* Discount% = 95/100 Discount% = 95/115*100 = 82.6% But answer is 17.4% Where I am doing wrong? 
September 12th, 2019, 11:50 PM  #2 
Senior Member Joined: Apr 2014 From: UK Posts: 965 Thanks: 342 
What you have is the amount the customer pays, not their discount. 100%  82.6% = 17.4% discount 
September 13th, 2019, 03:42 AM  #3 
Senior Member Joined: Aug 2014 From: India Posts: 477 Thanks: 1  
September 16th, 2019, 01:11 AM  #4 
Senior Member Joined: Apr 2014 From: UK Posts: 965 Thanks: 342 
Because that's the maths you did. Your 'Discount%' is actually the 'Payable%'


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