Question
upstudy study bank question image url

6. A customer paid Ksh 5880 for a suit after she was allowed a discount of \( 2 \% \) on the selling price. If the discount had not been allowed, the shopkeeper would have made a profit of \( 20 \% \) on the sale of the suit. Calculate the price at which th shopkeeper bought the suit. ( 3 marks)

Ask by Ward Weber. in Kenya
Dec 08,2024

Real Tutor Solution

Tutor-Verified Answer

Answer

The shopkeeper bought the suit for Ksh 5000.

Solution

Sign in to Unlock Answers for Free!

A Learning Platform Trusted by Millions of Real Students and Teachers.

star-icon Unlock

Reviewed and approved by the UpStudy tutoring team

The Deep Dive

To calculate the price at which the shopkeeper bought the suit, we first need to find the selling price before the discount. If the customer paid Ksh 5880 after a 2% discount, we can represent the selling price (SP) as: \[ 0.98 \cdot SP = 5880 \] From this, we find the selling price: \[ SP = \frac{5880}{0.98} = 6000 \text{ Ksh} \] Now, the selling price (6000 Ksh) reflects a 20% profit over the cost price (CP). Therefore, we can express this relationship as: \[ SP = CP + 0.2 \cdot CP = 1.2 \cdot CP \] To find the cost price: \[ CP = \frac{SP}{1.2} = \frac{6000}{1.2} = 5000 \text{ Ksh} \] Thus, the price at which the shopkeeper bought the suit is **Ksh 5000**.

Try Premium now!
Try Premium and ask Thoth AI unlimited math questions now!
Maybe later Go Premium
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy