Math Problem Statement
retailer prices his products to earn a 40% profit even after offering a 4a% discount. If on a particular day, instead of the usual discount, the retailer ends up giving a (3a + 25)% discount to a customer, what will be his percentage of profit or loss?
Solution
To solve this problem, let's break it down step-by-step:
Step 1: Understanding the Problem
- Let be the cost price of the product for the retailer.
- The retailer aims for a 40% profit even after offering a discount of .
- The selling price (SP) after giving a discount should provide a 40% profit on the cost price.
Step 2: Calculate the Marked Price
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Let be the marked price of the product.
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After a discount of , the selling price is:
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Since the retailer aims for a 40% profit after the discount, the selling price must also equal:
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Equating the two expressions for :
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Rearranging for the marked price :
Step 3: Calculate the New Selling Price with the Increased Discount
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The new discount offered is .
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The new selling price after this discount is:
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Substitute the value of from the previous equation:
Step 4: Find the Profit or Loss Percentage
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The profit or loss is determined by comparing to the cost price .
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The profit or loss percentage is:
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Substitute the expression for :
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Simplify the expression:
Step 5: Final Expression for Profit or Loss
To determine the exact value of the profit or loss percentage, substitute the value of if known or keep it in terms of .
Would you like to proceed with a specific value for , or keep the result in terms of ? Feel free to ask any further questions or request additional clarifications!
Related Questions:
- What would be the profit percentage if ?
- How would the profit percentage change if the usual discount were increased to ?
- What is the new selling price formula in terms of only?
- How does the retailer's strategy change if the profit target is increased to 50%?
- What is the effect of combining discounts on overall profit margins?
Tip:
Always break down profit and discount problems into smaller steps to find the relationship between cost, selling price, and profit percentage effectively.
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Math Problem Analysis
Mathematical Concepts
Profit and Loss
Percentage Discounts
Cost Price, Selling Price, and Marked Price
Formulas
SP = M * (1 - Discount%)
SP = C * (1 + Profit%)
Profit or Loss % = ((SP_new - C) / C) * 100
Theorems
Basic Percentage Theorem
Suitable Grade Level
Grades 10-12
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