Answer to Question #80293 in Economics for SANJANA MONEBHURRUN

Question

A painter who was entitled to trade discount of 20% on all materials purchased was sent a bill for R3500. Calculate the original price of the goods that the painter purchased.

Answer 1

If a painter who was entitled to trade discount of 20% on all materials purchased was sent a bill for R3500, then the original price of the goods that the painter purchased was P = 3500/(1 - 0.2) = R4375.