Math Problem Statement

A trader marked his goods at 20% above the cost price. He sold half the stock at the marked price, one quarter at a discount of 20% on the marked price and the rest at a discount of 40% on the marked price. His total gain percent is:

Solution

Let's break down the problem step by step.

1. Marked Price and Cost Price Relationship:

The trader marked his goods at 20% above the cost price. Let the cost price of the goods be CC.

So, the marked price (MP) is: MP=C+0.2C=1.2CMP = C + 0.2C = 1.2C Thus, the marked price is 120% of the cost price.

2. Calculation of Sales:

The trader sold the stock in three parts:

  • Half the stock (50%) was sold at the marked price.
  • One quarter (25%) was sold at a 20% discount on the marked price.
  • The rest (25%) was sold at a 40% discount on the marked price.

a. Half the stock at the marked price:

Since half the stock was sold at the marked price, the selling price for this portion is: SP1=1.2C×12=0.6CSP_1 = 1.2C \times \frac{1}{2} = 0.6C

b. One quarter at a 20% discount:

The selling price for this portion is at a 20% discount on the marked price. Thus, the selling price for this part is: SP2=(1.2C0.2×1.2C)×14=0.8×1.2C×14=0.24CSP_2 = (1.2C - 0.2 \times 1.2C) \times \frac{1}{4} = 0.8 \times 1.2C \times \frac{1}{4} = 0.24C

c. The rest (one quarter) at a 40% discount:

The selling price for this portion is at a 40% discount on the marked price. Thus, the selling price for this part is: SP3=(1.2C0.4×1.2C)×14=0.6×1.2C×14=0.18CSP_3 = (1.2C - 0.4 \times 1.2C) \times \frac{1}{4} = 0.6 \times 1.2C \times \frac{1}{4} = 0.18C

3. Total Selling Price:

The total selling price is the sum of SP1SP_1, SP2SP_2, and SP3SP_3: SPtotal=0.6C+0.24C+0.18C=1.02CSP_{\text{total}} = 0.6C + 0.24C + 0.18C = 1.02C

4. Total Gain:

The total gain is the difference between the total selling price and the total cost price. Since the total cost price of all goods is CC, the gain is: Gain=SPtotalC=1.02CC=0.02C\text{Gain} = SP_{\text{total}} - C = 1.02C - C = 0.02C

5. Gain Percent:

The gain percent is the ratio of the gain to the cost price, multiplied by 100: Gain Percent=(0.02CC)×100=2%\text{Gain Percent} = \left( \frac{0.02C}{C} \right) \times 100 = 2\%

Thus, the trader's total gain percent is 2%.

Would you like any more details or further clarification?

Here are 5 related questions you could explore:

  1. What would the gain percent be if he sold everything at a 30% discount on the marked price?
  2. How would the total profit change if the goods were marked at 25% above the cost price?
  3. What would happen if the trader sold the remaining stock at cost price instead of a discount?
  4. How does changing the discount percentages affect the overall gain?
  5. What is the loss percent if the trader sells all the goods at 50% below the marked price?

Tip: When calculating profits, always consider the cost price as your baseline to avoid confusion between discounts and marked prices.

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Math Problem Analysis

Mathematical Concepts

Percentage Profit and Loss
Discount Calculation
Selling Price and Cost Price Relationship

Formulas

Marked Price (MP) = Cost Price (C) + 20% of C = 1.2C
Selling Price for portion sold at marked price = 0.6C
Selling Price for portion sold at 20% discount = 0.24C
Selling Price for portion sold at 40% discount = 0.18C
Total Selling Price = 1.02C
Gain Percent = (Total Gain / Cost Price) * 100 = 2%

Theorems

Profit and Loss Theorem

Suitable Grade Level

Grades 9-12